Unifirst Corporation (UNF)
Gross profit margin
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | Feb 23, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 794,673 | 790,398 | 758,489 | 724,330 | 711,135 | 697,222 | 692,895 | 694,029 | 692,570 | 687,504 | 939,820 | 904,780 | 908,961 | 915,788 | 966,766 | 999,530 | 991,999 | 976,781 | 660,695 | 644,820 |
| Revenue (ttm) | US$ in thousands | 2,365,112 | 2,318,618 | 2,239,785 | 2,119,703 | 2,061,428 | 2,003,673 | 1,951,889 | 1,904,995 | 1,868,175 | 1,828,779 | 1,791,680 | 1,773,258 | 1,789,406 | 1,809,749 | 1,860,727 | 1,870,168 | 1,842,887 | 1,815,402 | 1,769,844 | 1,741,215 |
| Gross profit margin | 33.60% | 34.09% | 33.86% | 34.17% | 34.50% | 34.80% | 35.50% | 36.43% | 37.07% | 37.59% | 52.45% | 51.02% | 50.80% | 50.60% | 51.96% | 53.45% | 53.83% | 53.81% | 37.33% | 37.03% |
February 24, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $794,673K ÷ $2,365,112K
= 33.60%
The gross profit margin of Unifirst Corporation has shown some fluctuation over the past few quarters. It started at a relatively low level of 33.60% in February 2019 and gradually increased to reach a peak of 53.83% in February 2020. However, the margin then declined slightly in subsequent quarters before experiencing a significant drop to 37.03% in May 2021. From that point, there was a notable recovery in the margin, climbing steadily to 53.81% in August 2021.
Following this peak, there was a downward trend in the gross profit margin which landed at 33.60% in February 2024. Despite some fluctuations, the margin generally remained above 30% over the period analyzed, indicating the company's ability to generate profit from its core operations. Further analysis of the factors influencing these fluctuations, such as changes in cost of goods sold, pricing strategies, and operational efficiencies may provide deeper insights into the company's financial performance.
Peer comparison
Feb 24, 2024