United Natural Foods Inc (UNFI)
Gross profit margin
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,201,000 | 4,131,000 | 4,182,000 | 3,939,000 | 3,889,000 |
| Revenue | US$ in thousands | 30,984,000 | 30,138,000 | 28,858,000 | 26,755,000 | 26,303,000 |
| Gross profit margin | 13.56% | 13.71% | 14.49% | 14.72% | 14.79% |
August 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,201,000K ÷ $30,984,000K
= 13.56%
United Natural Foods Inc has exhibited a declining trend in its gross profit margin over the past five years, with the margin decreasing from 14.79% in 2020 to 13.56% in 2024. This indicates that the company's profitability on sales has been eroding over this period. Factors contributing to this decrease may include pricing pressures, increasing costs of goods sold, or changes in the product mix. Investors and stakeholders should closely monitor this trend to understand its implications on the company's overall financial health and future performance.
Peer comparison
Aug 3, 2024
Company name
Symbol
Gross profit margin
United Natural Foods Inc
UNFI
13.56%
Performance Food Group Co
PFGC
10.97%
SpartanNash Co
SPTN
15.27%
The Chefs Warehouse Inc
CHEF
24.02%