Treehouse Foods Inc (THS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 576,100 | 522,400 | 466,700 | 544,700 | 796,800 |
| Revenue | US$ in thousands | 3,431,600 | 3,454,000 | 2,945,900 | 2,994,300 | 4,288,900 |
| Gross profit margin | 16.79% | 15.12% | 15.84% | 18.19% | 18.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $576,100K ÷ $3,431,600K
= 16.79%
Treehouse Foods Inc's gross profit margin has exhibited fluctuations over the past five years. In 2023, the gross profit margin was 16.79%, showing an improvement compared to the previous year when it was 14.91%. However, it is lower than the gross profit margins recorded in 2020 and 2019, which were 18.44% and 18.58%, respectively.
The decrease in gross profit margin in 2022 followed by a slight recovery in 2023 may indicate changes in the company's cost structure or pricing strategies. Further analysis of the company's cost of goods sold and revenue trends could provide insights into the factors driving these fluctuations in the gross profit margin.
Peer comparison
Dec 31, 2023