Tyson Foods Inc (TSN)
Gross profit margin
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,627,000 | 3,026,000 | 2,825,000 | 2,486,000 | 2,631,000 | 3,479,000 | 4,413,000 | 5,621,000 | 6,668,000 | 7,837,000 | 7,846,000 | 7,364,000 | 6,526,000 | 5,660,000 | 5,353,000 | 5,121,000 | 5,384,000 | 4,913,000 | 4,936,000 | 5,107,000 |
| Revenue (ttm) | US$ in thousands | 53,309,000 | 53,092,000 | 52,879,000 | 52,940,000 | 52,881,000 | 53,270,000 | 53,625,000 | 53,609,000 | 53,282,000 | 52,356,000 | 51,339,000 | 49,522,000 | 47,049,000 | 45,698,000 | 43,242,000 | 42,830,000 | 43,185,000 | 42,609,000 | 43,472,000 | 43,027,000 |
| Gross profit margin | 6.80% | 5.70% | 5.34% | 4.70% | 4.98% | 6.53% | 8.23% | 10.49% | 12.51% | 14.97% | 15.28% | 14.87% | 13.87% | 12.39% | 12.38% | 11.96% | 12.47% | 11.53% | 11.35% | 11.87% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,627,000K ÷ $53,309,000K
= 6.80%
Tyson Foods Inc's gross profit margin has shown a general downward trend over the past few quarters, from a high of 15.28% in the second quarter of 2022 to a low of 5.34% in the first quarter of 2024. This suggests that the company's profitability from its core operations has been gradually declining.
The decrease in the gross profit margin could be attributed to various factors such as rising input costs, pricing pressures, or changes in product mix. The company may be facing challenges in maintaining profitability due to competitive pressures in the industry or macroeconomic factors affecting the cost structure.
It is crucial for Tyson Foods Inc to closely monitor and manage its cost structure, pricing strategies, and operational efficiency to improve its gross profit margin in the future. Analyzing the reasons behind the declining trend and implementing appropriate strategies will be essential for the company to enhance its profitability and sustain long-term growth.
Peer comparison
Sep 30, 2024