Walgreens Boots Alliance Inc (WBA)
Gross profit margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 26,875,000 | 26,889,000 | 27,071,000 | 27,006,000 | 26,990,000 | 27,643,000 | 28,264,000 | 29,357,000 | 29,938,000 | 29,011,000 | 28,067,000 | 26,888,000 | 25,694,000 | 25,930,000 | 26,077,000 | 26,981,000 | 28,475,000 | 29,212,000 | 30,076,000 | 30,423,000 |
| Revenue (ttm) | US$ in thousands | 144,409,000 | 142,217,000 | 139,712,000 | 136,739,000 | 133,981,000 | 132,914,000 | 132,484,000 | 134,297,000 | 135,290,000 | 134,271,000 | 136,618,000 | 137,102,000 | 138,097,000 | 141,108,000 | 139,109,000 | 138,317,000 | 138,220,000 | 136,893,000 | 136,337,000 | 135,825,000 |
| Gross profit margin | 18.61% | 18.91% | 19.38% | 19.75% | 20.14% | 20.80% | 21.33% | 21.86% | 22.13% | 21.61% | 20.54% | 19.61% | 18.61% | 18.38% | 18.75% | 19.51% | 20.60% | 21.34% | 22.06% | 22.40% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $26,875,000K ÷ $144,409,000K
= 18.61%
The gross profit margin of Walgreens Boots Alliance Inc has shown a decreasing trend over the past few quarters, starting at 22.40% in May 2019 and declining to 18.61% by February 2024. This indicates that the company's profitability from sales has been under pressure. The decline in gross profit margin may be attributed to various factors such as increasing costs of goods sold, pricing pressures, or changes in sales mix.
It is noteworthy that the gross profit margin fluctuated during the analyzed period, with some quarters showing slight improvements. However, the overall trend has been downward. Investors and stakeholders may view this trend as a cause for concern, as a lower gross profit margin can impact the company's overall profitability and financial health. Monitoring the factors influencing the gross profit margin closely will be crucial for the company to address any underlying issues and improve its profitability in the future.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Gross Profit Margin (Quarterly Data)