Sysco Corporation (SYY)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	14,608,000	14,455,630	14,277,930	14,113,920	13,955,010	13,714,110	13,296,140	12,837,670	12,320,520	11,792,030	10,901,310	10,108,620	9,356,750	8,006,630	8,448,200	9,178,140	9,901,670	11,315,200	11,505,260	11,448,570
Revenue (ttm)	US$ in thousands	78,844,000	78,016,100	77,512,300	76,818,400	76,324,700	75,553,800	73,580,200	71,306,400	68,636,100	65,815,700	60,738,200	55,977,000	51,297,900	44,027,560	45,901,660	49,367,660	52,893,260	59,501,600	60,461,000	60,201,700
Gross profit margin		18.53%	18.53%	18.42%	18.37%	18.28%	18.15%	18.07%	18.00%	17.95%	17.92%	17.95%	18.06%	18.24%	18.19%	18.40%	18.59%	18.72%	19.02%	19.03%	19.02%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $14,608,000K ÷ $78,844,000K
= 18.53%

Sysco Corporation's gross profit margin has experienced some fluctuations over the past few quarters. The trend shows a generally stable performance, with the margin ranging between 17.92% and 19.03% over the last two years. In the most recent quarter, ending June 30, 2024, the gross profit margin stood at 18.53%. This indicates that Sysco is maintaining a consistent level of gross profit relative to its revenue. It is essential to monitor the gross profit margin over time to assess the company's ability to manage its production costs and pricing strategy effectively.

Peer comparison

Jun 30, 2024

Company name

Symbol

Gross profit margin

Sysco Corporation

SYY

18.53%

Domino’s Pizza Inc

DPZ

38.56%

US Foods Holding Corp

USFD

17.40%

Sysco Corporation (SYY)

Gross profit margin

Peer comparison

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