Simply Good Foods Co (SMPL)

Gross profit margin

		Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019
Gross profit	US$ in thousands	453,420	445,561	409,766	324,328	217,683
Revenue	US$ in thousands	1,242,670	1,168,680	1,005,610	816,641	523,383
Gross profit margin		36.49%	38.13%	40.75%	39.71%	41.59%

August 26, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $453,420K ÷ $1,242,670K
= 36.49%

Simply Good Foods Co's gross profit margin has shown a declining trend over the past five years. In 2023, the gross profit margin decreased to 36.49% from 38.13% in 2022, continuing the downward trajectory observed since 2021. This decline may indicate challenges in maintaining efficient production and sales processes, potentially impacting the company's profitability. Further analysis is necessary to understand the factors driving this trend and to assess its potential impact on the company's overall financial performance.