• Berry Global average gross margin for 2023 was 17.87%, a 9.3% increase from 2022.
• Berry Global average gross margin for 2022 was 16.35%, a 13.12% increase from 2021.
• Berry Global average gross margin for 2021 was 18.82%, a 4.95% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.