United Natural Foods Inc (UNFI)
Gross profit margin
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | Apr 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,031,000 | 4,065,000 | 4,131,000 | 4,218,000 | 4,230,000 | 4,236,000 | 4,182,000 | 4,133,000 | 4,091,000 | 4,011,000 | 3,939,000 | 3,935,020 | 4,015,250 | 3,937,575 | 3,874,786 | 3,843,745 | 3,715,688 | 3,696,450 | 3,208,606 | 2,615,569 |
| Revenue (ttm) | US$ in thousands | 30,120,000 | 30,161,000 | 30,134,000 | 30,025,000 | 29,834,000 | 29,424,000 | 28,879,000 | 28,351,000 | 27,643,000 | 27,106,460 | 26,729,410 | 26,680,080 | 27,135,800 | 26,732,720 | 26,449,380 | 26,491,000 | 25,421,900 | 25,139,730 | 21,711,280 | 17,572,240 |
| Gross profit margin | 13.38% | 13.48% | 13.71% | 14.05% | 14.18% | 14.40% | 14.48% | 14.58% | 14.80% | 14.80% | 14.74% | 14.75% | 14.80% | 14.73% | 14.65% | 14.51% | 14.62% | 14.70% | 14.78% | 14.88% |
January 27, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,031,000K ÷ $30,120,000K
= 13.38%
United Natural Foods Inc.'s gross profit margin has shown a decreasing trend over the past several quarters. There was a decline from 14.58% in Q3 2022 to 13.33% in Q2 2024, indicating a deterioration in the company's ability to generate profits from its core business operations. The consistent decline in gross profit margin may be attributed to various factors such as increased competition, pricing pressures, or rising costs of goods sold.
Management should closely monitor and analyze the drivers behind this trend to identify areas for improvement and implement strategies to enhance efficiency and profitability. Additionally, stakeholders should pay attention to future financial reports to assess if the gross profit margin stabilizes, improves, or continues to decline, as it plays a crucial role in determining the overall financial health and performance of the company.
Peer comparison
Jan 27, 2024