Performance Food Group Co (PFGC)
Gross profit margin
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,254,900 | 5,256,400 | 3,525,200 | 2,869,200 | 2,513,000 |
| Revenue | US$ in thousands | 57,036,700 | 50,708,000 | 30,246,500 | 24,969,400 | 19,678,100 |
| Gross profit margin | 10.97% | 10.37% | 11.65% | 11.49% | 12.77% |
June 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,254,900K ÷ $57,036,700K
= 10.97%
Performance Food Group Co's gross profit margin has fluctuated over the past five years. The gross profit margin decreased to 10.97% in June 2023 from 10.37% in June 2022. This marks a slight improvement compared to the 2022 level. However, it is lower than the levels seen in June 2021 (11.65%), June 2020 (11.49%), and June 2019 (12.77%).
The declining trend in gross profit margin over the years may indicate challenges in managing the cost of goods sold relative to revenue. It is essential for the company to monitor and control its production and procurement costs efficiently to maintain a healthy gross profit margin. Further analysis of the underlying factors impacting the cost structure and pricing strategies may be necessary to improve profitability in the future.
Peer comparison
Jun 30, 2023