Unifirst Corporation (UNF)
Gross profit margin
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 854,838 | 758,489 | 697,222 | 687,509 | 645,609 |
| Revenue | US$ in thousands | 2,434,670 | 2,239,780 | 2,003,670 | 1,828,780 | 1,810,540 |
| Gross profit margin | 35.11% | 33.86% | 34.80% | 37.59% | 35.66% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $854,838K ÷ $2,434,670K
= 35.11%
The gross profit margin of Unifirst Corporation has displayed fluctuations over the past five years. In particular, the gross profit margin ranged from 33.86% in Aug 26, 2023, to 37.59% in Aug 28, 2021. However, in the most recent period as of Aug 31, 2024, the gross profit margin stood at 35.11%. This indicates that Unifirst Corporation has been able to maintain a consistent level of gross profit in relation to its revenue over the years, albeit with some variability. It is essential for the company to continue monitoring and managing its cost of goods sold to ensure a healthy and sustainable gross profit margin in the future.
Peer comparison
Aug 31, 2024