Revenue Analysis: Over the three-year period, CAG’s Total Revenue and Operating Revenue have shown fluctuations. The company reported a Total Revenue of $3.03 billion in 2024, a decrease from $3.21 billion in 2023. Gross Profit also sees a rise from $846.6 million in November 2023 to $858.8 million in February 2024, reflecting a slight improvement in profit margins.
Cost Management: Cost of Revenue was highest in November 2023 at $2.36 billion, and reduced to $2.17 billion by February 2024, indicating cost reduction steps might have been implemented. Operating Expense also decreased from $398.5 million in November 2023 to $388.8 million by February 2024. Total Expenses followed a similar downward trend from $2.76 billion to $2.56 billion over the same period.
Profitability Analysis: EBITDA increased from $548.2 million in November 2023 to $567.2 million in February 2024. Similarly, Operating Income rose from $448.1 million to $470 million. There’s also an upward trend in Pretax Income from $334.8 million in 2023 to $363.5 million in 2024. Net Income metrics show an improvement from $286.2 million to $308.6 million in the same period, indicating improved overall profitability.
Cash Flow Indicators: Reconciled Depreciation showed a modest increase from $99.3 million in November 2023 to $95.8 million in February 2024. The Interest Expense was slightly down from $114.1 million to $107.9 million, possibly indicating better debt management or reduced borrowing.
Taxation: The Tax Rate for calculations hovered around 23.7% in February 2024 down from 26.5% in November 2023. Tax Provision reduced from $102.9 million to $95.9 million during the same period. There was no recorded Tax Effect Of Unusual Items, suggesting straightforward tax expenses.
Shareholder Metrics: Diluted EPS and Basic EPS increased from 0.6 in 2023 to 0.64 in 2024, reflecting the higher net income. Diluted Average Shares and Basic Average Shares remained stable around 480 million and 478.8 million respectively, showing little to no dilution or contraction in the shareholder base. Net Income Available to Common Stockholders was consistent with the gross Net Income, indicating all earnings were attributable to the common shareholders.
Conclusion: CAG demonstrated a strong fiscal year in 2024 with improvements across major financial metrics including rising profit margins, reduced costs, higher profitability, and stable shareholder returns. Future strategies should focus on sustaining cost-effective measures and capitalizing on any revenue growth opportunities to further enhance shareholder value.