Patterson Companies Inc (PDCO)

Gross profit margin

		Apr 30, 2024	Apr 27, 2024	Apr 30, 2023	Apr 29, 2023	Apr 30, 2022
Gross profit	US$ in thousands	1,380,240	1,380,240	1,372,940	1,372,940	1,289,090
Revenue	US$ in thousands	6,568,270	6,568,270	6,471,470	6,471,470	6,499,400
Gross profit margin		21.01%	21.01%	21.22%	21.22%	19.83%

April 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,380,240K ÷ $6,568,270K
= 21.01%

Patterson Companies Inc's gross profit margin has shown a positive trend over the past few years. As of April 30, 2022, the gross profit margin stood at 19.83%, which improved to 21.22% by April 29, 2023, and maintained this level through April 30, 2023. However, there was a slight dip in the margin to 21.01% by April 27, 2024, which then remained stable at 21.01% by April 30, 2024. Overall, the company has been able to sustain a relatively consistent gross profit margin, indicating effective cost management and pricing strategies.

Peer comparison

Apr 30, 2024

Company name

Symbol

Gross profit margin

Patterson Companies Inc

PDCO

21.01%