SpartanNash Co (SPTN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,485,560 | 1,497,480 | 1,403,880 | 1,424,960 | 1,243,830 |
| Revenue | US$ in thousands | 9,729,220 | 9,643,100 | 8,931,040 | 9,348,480 | 8,536,060 |
| Gross profit margin | 15.27% | 15.53% | 15.72% | 15.24% | 14.57% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,485,560K ÷ $9,729,220K
= 15.27%
The gross profit margin of SpartanNash Co has shown a relatively stable trend over the past five years, ranging between 14.57% and 15.72%. This indicates that the company has been able to consistently maintain a healthy proportion of gross profit relative to its revenue during this period. The slight fluctuations in the gross profit margin may be attributed to various factors such as changes in sales mix, pricing strategies, or cost of goods sold.
Overall, a gross profit margin around the mid-teen percentages suggests that SpartanNash Co has been effectively managing its production and distribution costs while generating a reasonable level of profitability from its core operations. It is important for the company to continue monitoring and optimizing its gross profit margin to ensure long-term financial sustainability and competitiveness in the industry.
Peer comparison
Dec 31, 2023