United Natural Foods Inc (UNFI)
Gross profit margin
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,131,000 | 4,182,000 | 3,939,000 | 3,889,000 | 3,220,000 |
| Revenue | US$ in thousands | 30,138,000 | 28,858,000 | 26,755,000 | 26,303,000 | 22,127,200 |
| Gross profit margin | 13.71% | 14.49% | 14.72% | 14.79% | 14.55% |
July 29, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,131,000K ÷ $30,138,000K
= 13.71%
The gross profit margin of United Natural Foods Inc. has seen some fluctuations over the past five years. In the most recent fiscal year ending on July 29, 2023, the gross profit margin was 13.65%, a decrease from the previous year's 14.46%. This decline suggests a potential challenge in effectively managing the direct costs associated with producing and delivering goods.
Despite the decrease, it's worth noting that the gross profit margin has remained relatively stable over the past five years, hovering around the 14% mark. This indicates that the company has maintained a consistent level of profitability in relation to its cost of goods sold.
However, the recent decrease in the gross profit margin may warrant further investigation into the factors influencing the company's cost of goods sold and pricing strategies. Monitoring and addressing these factors could be crucial for maintaining sustainable profitability and competitiveness in the industry.
Peer comparison
Jul 29, 2023