B&G Foods Inc (BGS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 421,950 | 455,521 | 409,624 | 436,966 | 481,740 |
| Revenue | US$ in thousands | 1,930,330 | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 |
| Gross profit margin | 21.86% | 22.18% | 18.93% | 21.32% | 24.55% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $421,950K ÷ $1,930,330K
= 21.86%
Based on the provided data, B&G Foods Inc's gross profit margin has shown fluctuations over the past five years. The trend indicates a decrease from 24.55% as of December 31, 2020, to 21.32% as of December 31, 2021, and further declined to 18.93% by December 31, 2022. However, there was a slight improvement in the gross profit margin to 22.18% by December 31, 2023, before settling at 21.86% as of December 31, 2024.
The decreasing trend from 2020 to 2022 could indicate challenges in managing production costs or pricing pressures in the industry. However, the subsequent improvement in 2023 followed by a relatively stable margin in 2024 suggests some level of recovery or adjusted strategies to enhance profitability.
Further analysis and comparison with industry benchmarks or historical data would provide more insights into the reasons behind these fluctuations and help assess the company's efficiency in generating profits from its core business operations.
Peer comparison
Dec 31, 2024