Molson Coors Brewing Co Class B (TAP)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,368,800 | 3,655,200 | 4,053,400 | 3,768,300 | 4,201,200 |
| Revenue | US$ in thousands | 25,352,700 | 23,257,900 | 22,469,300 | 11,723,800 | 13,009,100 |
| Gross profit margin | 17.23% | 15.72% | 18.04% | 32.14% | 32.29% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,368,800K ÷ $25,352,700K
= 17.23%
Molson Coors Beverage Company's gross profit margin has displayed some fluctuations over the past five years. In 2023, the company reported a gross profit margin of 37.33%, indicating that for every dollar of sales, 37.33 cents were retained as gross profit. This reflects an improvement compared to the previous year, where the gross profit margin stood at 34.16%.
However, it is important to note that the gross profit margin in 2023 is still lower than the levels seen in 2021 and 2020, which were 39.43% and 39.03%, respectively. The highest gross profit margin was recorded in 2019 at 39.71%.
The fluctuation in Molson Coors' gross profit margin could be influenced by various factors such as changes in input costs, pricing strategies, and sales volume. Further analysis and comparison with industry benchmarks would be beneficial to gain a deeper understanding of the company's performance in this area.
Peer comparison
Dec 31, 2023