Simply Good Foods Co (SMPL)

Gross profit margin

		Feb 24, 2024	Nov 25, 2023	Aug 26, 2023	May 27, 2023	Feb 25, 2023	Nov 26, 2022	Aug 27, 2022	May 28, 2022	Feb 26, 2022	Nov 27, 2021	Aug 28, 2021	May 29, 2021	Feb 27, 2021	Nov 28, 2020	Aug 29, 2020	May 30, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 25, 2019
Gross profit (ttm)	US$ in thousands	471,684	457,546	453,420	434,805	434,207	439,998	445,561	448,183	450,538	432,280	409,766	393,411	361,034	356,163	324,328	295,399	263,430	227,691	217,405	204,507
Revenue (ttm)	US$ in thousands	1,239,906	1,221,199	1,212,260	1,167,626	1,162,029	1,166,378	1,146,988	1,130,420	1,094,438	1,025,803	974,051	944,406	883,763	887,277	816,641	733,539	657,906	554,605	523,758	492,836
Gross profit margin		38.04%	37.47%	37.40%	37.24%	37.37%	37.72%	38.85%	39.65%	41.17%	42.14%	42.07%	41.66%	40.85%	40.14%	39.71%	40.27%	40.04%	41.05%	41.51%	41.50%

February 24, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $471,684K ÷ $1,239,906K
= 38.04%

The gross profit margin of Simply Good Foods Co has shown some fluctuations over the past few quarters. It ranged from a low of 37.24% in May 27, 2023, to a high of 42.14% in Feb 26, 2022. Overall, the gross profit margin has generally been above 37%, indicating that the company is able to generate a reasonable level of profitability from its core operations.

There seems to be some volatility in the gross profit margin figures, with fluctuations noted from quarter to quarter. However, the trend seems to be relatively stable, with the margins hovering around the low to mid 40% range in recent quarters.

It is worth noting that despite some variability, the company has generally maintained healthy gross profit margins above 37%, which suggests that Simply Good Foods Co has been effectively managing its cost of goods sold and pricing strategies to maintain profitability in its operations. Monitoring the gross profit margin trend over time will be important to assess the company's ability to sustain profitability in the long run.