the gross profit margin increased from 29.16% in 2020 to 29.65% in 2022. This indicates that Woolworth's was able to make sure more profit on each dollar of sales during this period because it was able to control its COGS. However, the gross profit margin dropped to 26.71 in 2023, indicating that Woolworth's profitability on each dollar of sales decreased. This could be due to an increase in COGS or a decrease in sales