The historical rank and industry rank for Goodfood Market's Gross Margin % or its related term are showing as below:
GDDFF'
s Gross Margin % Range Over the Past 10 Years
Min: 18.13 Med: 25.34 Max: 40.45
Current: 40.45
During the past 9 years, the highestGross Margin % of Goodfood Market was 40.45%. The lowest was 18.13%. And the median was 25.34%.
GDDFF's Gross Margin % is ranked worse than 58.82% of 102
companies
in the Personal Services industry
Industry Median: 45.15
vs GDDFF: 40.45
Goodfood Market had a gross margin of 43.04% for the quarter that ended in Feb. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Goodfood Market was 9.50% per year.
Goodfood Market Gross Margin % Historical Data
The historical data trend for Goodfood Market's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Goodfood Market's Gross Margin %
For the Personal Services subindustry, Goodfood Market's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Goodfood Market's Gross Margin % Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Goodfood Market's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Goodfood Market had a gross margin of 43.04% for the quarter that ended in Feb. 2024 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Goodfood Market Gross Margin % Related Terms
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Goodfood Market (Goodfood Market) Business Description
Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.
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