Re:Record-Breaking Egg Profits Prompt Accusation of Price Go...
by Alupis on Wednesday February 22, 2023 @12:52PM
(#34899663)
You're citing Gross Profit, not Net Profit - which is being used here by the article deliberately to emphasize their point.
The net shows an increase as well, but not totally out of line with the increase in sales and costs, even when we look back several years.
Re:Record-Breaking Egg Profits Prompt Accusation of Price Go...
by BryanRamirez on Wednesday February 22, 2023 @01:10PM
(#34900013)
A simple google search for cal-maine profit margins produces a table that includes year over year change in many metrics. For example Year over year increase in net profit margins:
Feb 2022: Y/Y net profit margin is +119.63%
May 2022: Y/Y net profit margin is +1633.06%
Aug 2022: Y/Y net profit margin is +442.88%
Nov 2022: Y/Y net profit margin is +7890.32%
> Cal-Maine’s gross profit jumped 10-fold from one 26-week period in 2021 to the same period in 2022, according to the company’s most recent quarterly financial statement. For the 26-week fiscal period ending in November 2021, gross profits were $50.4 million. In 2022 for the same period, gross profits were $535.3 million.