Charles River Laboratories International, Inc. stock research
FY2023 Q3
Charles River Laboratories International (CRL) Gross Margin — Quarter Ended Sep 30, 2023
In the current quarter, revenue decreased compared to the previous quarter, while cost of revenue remained relatively stable, leading to a lower gross profit and a weakened gross margin. Revenue increased year-over-year, but gross margin comparison is not available for the prior year quarter.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
In the current quarter, revenue decreased compared to the previous quarter, while cost of revenue remained relatively stable, leading to a lower gross profit and a weakened gross margin. Revenue increased year-over-year, but gross margin comparison is not available for the prior year quarter.
- The margin weakened primarily because revenue decreased while cost of revenue remained relatively stable.
- The gross margin weakened compared to the previous quarter; year-over-year comparison is not possible due to missing data.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
35.2%
Gross profit
$361.8M
Revenue
$1.0B
Cost of revenue
$664.8M
Quarter-over-quarter change
-2.4 pts
Year-over-year change
n/a
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 1, 2023 | $1.0B | $377.7M | $651.7M | 36.7% |
| Jul 1, 2023 | $1.1B | $399.0M | $661.0M | 37.6% |
| Sep 30, 2023 | $1.0B | $361.8M | $664.8M | 35.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 1, 2023
-2.4 pts
Year-over-year change
Sep 24, 2022
n/a
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The margin weakened primarily because revenue decreased while cost of revenue remained relatively stable.
The gross margin weakened compared to the previous quarter; year-over-year comparison is not possible due to missing data.
Monitor whether revenue continues to decline relative to cost of revenue, which could further pressure margins.