• Stride average gross margin for 2023 was 36.12%, a 2.73% increase from 2022.
• Stride average gross margin for 2022 was 35.16%, a 2.03% increase from 2021.
• Stride average gross margin for 2021 was 34.46%, a 3.39% increase 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.