Simply Good Foods Co (SMPL)

Net profit margin

		Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019
Net income	US$ in thousands	133,575	108,574	40,880	65,638	-25,234
Revenue	US$ in thousands	1,242,670	1,168,680	1,005,610	816,641	523,383
Net profit margin		10.75%	9.29%	4.07%	8.04%	-4.82%

August 26, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $133,575K ÷ $1,242,670K
= 10.75%

The net profit margin of Simply Good Foods Co has shown some fluctuations over the past five years. In 2023, the net profit margin stood at 10.75%, representing a noticeable increase from the previous year's 9.29%. This improvement indicates an enhanced ability to convert revenue into profit. However, it's worth noting that in 2021, the net profit margin was relatively lower at 4.07%, signifying a dip in profitability compared to the surrounding years. Overall, the company's net profit margin has demonstrated variability, with 2023 exhibiting a positive trend.