Sysco Corporation (SYY)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 14,608,000 | 13,955,000 | 12,320,500 | 9,356,750 | 9,901,660 |
| Revenue | US$ in thousands | 78,844,000 | 76,324,700 | 68,636,100 | 51,297,800 | 52,893,300 |
| Gross profit margin | 18.53% | 18.28% | 17.95% | 18.24% | 18.72% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $14,608,000K ÷ $78,844,000K
= 18.53%
Sysco Corporation's gross profit margin has shown some fluctuations over the past five years. In the most recent fiscal year, ending June 30, 2024, the gross profit margin improved to 18.53% compared to 18.28% in the previous year. However, it is worth noting that the margin in 2024 remains below the levels seen in 2020 and 2021 when it was 18.72% and 18.24%, respectively. Overall, the company has managed to maintain its gross profit margin at a relatively stable range between 17.95% and 18.72% over the past five years, indicating a consistent level of efficiency in generating profits from its core operations. This trend suggests that Sysco Corporation has been able to effectively manage its cost of goods sold and pricing strategies despite some year-to-year variations.
Peer comparison
Jun 30, 2024