Perrigo Company PLC (PRGO)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	1,591,600	1,624,600	1,680,300	1,635,600	1,587,300	1,531,400	1,455,400	1,435,200	1,408,700	1,385,600	1,416,200	1,523,000	1,614,700	1,700,400	1,815,200	1,826,800	1,811,500	1,807,600	1,773,200	1,735,400
Revenue (ttm)	US$ in thousands	4,428,700	4,556,100	4,655,500	4,653,900	4,630,300	4,558,900	4,451,700	4,401,300	4,343,800	4,203,200	4,138,700	4,323,300	4,494,300	4,732,300	5,063,300	5,096,600	5,074,000	5,003,900	4,837,400	4,709,800
Gross profit margin		35.94%	35.66%	36.09%	35.14%	34.28%	33.59%	32.69%	32.61%	32.43%	32.97%	34.22%	35.23%	35.93%	35.93%	35.85%	35.84%	35.70%	36.12%	36.66%	36.85%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,591,600K ÷ $4,428,700K
= 35.94%

Perrigo Company PLC has shown relative stability in its gross profit margin over the past few quarters. The gross profit margin has ranged between 32.43% and 36.09% over the past two years.

There was a slight dip in the margin in the most recent quarter ending in June 2024, at 35.94%, compared to the previous quarter. However, the margin remains within a reasonably consistent range, indicating that Perrigo has been effectively managing its cost of goods sold and generating a healthy level of gross profit relative to its revenue.

Overall, Perrigo's gross profit margin trend suggests that the company has been able to maintain a solid level of profitability in its core operations despite any variations in the business environment or cost pressures. The company's ability to sustain a gross profit margin above 30% reflects its ability to effectively control costs and generate value from its products and services.