Gannett Co's gross profit for the
three
months ended in Dec. 2023 was $250 Mil. Gannett Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $972 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Gannett Co's gross profit for the
three
months ended in Dec. 2023 was $250 Mil. Gannett Co's Revenue for the
three
months ended in Dec. 2023 was $669 Mil. Therefore, Gannett Co's Gross Margin % for the quarter that ended in Dec. 2023 was 37.31%.
Gannett Co had a gross margin of 37.31% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Gannett Co was 45.10%. The lowest was 36.47%. And the median was 42.75%.
Warning Sign:
Gannett Co Inc gross margin has been in long-term decline. The average rate of decline per year is -3.5%.
Gannett Co Gross Profit Historical Data
The historical data trend for Gannett Co's Gross Profit 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 Gannett Co's Gross Profit
For the Publishing subindustry, Gannett Co's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Gannett Co's Gross Profit Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Gannett Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Gannett Co's Gross Profit falls into.
Gannett Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Gannett Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $972 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Gannett Co (NYSE:GCI) Gross Profit Explanation
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
Gannett Co had a gross margin of 37.31% for the quarter that ended in Dec. 2023 => Competition eroding margins
Gannett Co Gross Profit Related Terms
Thank you for viewing the detailed overview of Gannett Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Gannett Co Inc is a digital newspaper company providing local media and marketing solutions in the U.S. The Group operate in two segments, Gannett Media and Digital Marketing Solutions. The majority of revenue is from the Gannett media segment. The company's brands include USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream and others. The company produces more than 350 annual events, such as themed expos. The company also operates in the U.K. through the U.K. media company Newsquest to provide more than 150 local media brands.
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