B&G Foods Inc (BGS)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	421,950	428,434	439,927	450,166	455,521	456,428	448,351	422,572	409,624	385,463	385,367	420,460	436,966	441,746	472,107	494,618	481,740	469,440	442,195	399,961
Revenue (ttm)	US$ in thousands	1,932,256	1,949,320	1,990,969	2,016,002	2,052,587	2,101,145	2,126,800	2,136,134	2,163,842	2,112,055	2,098,643	2,084,061	2,049,689	1,989,304	1,970,098	2,018,262	1,962,498	1,927,840	1,838,392	1,697,050
Gross profit margin		21.84%	21.98%	22.10%	22.33%	22.19%	21.72%	21.08%	19.78%	18.93%	18.25%	18.36%	20.18%	21.32%	22.21%	23.96%	24.51%	24.55%	24.35%	24.05%	23.57%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $421,950K ÷ $1,932,256K
= 21.84%

B&G Foods Inc's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin ranged from a low of 18.25% on September 30, 2022, to a high of 24.55% on December 31, 2020.

Overall, there was a general decreasing trend in the gross profit margin from the end of 2020 to mid-2022. However, after reaching a low point in mid-2022, the gross profit margin started to recover and showed an increasing trend through December 31, 2024.

It is important to note that the gross profit margin is a key indicator of a company's profitability and efficiency in managing production costs. A higher gross profit margin indicates that the company is able to generate more profit from its core business activities after deducting the cost of goods sold. Conversely, a decreasing gross profit margin may suggest that the company's cost of goods sold is increasing relative to its sales revenue.

In the case of B&G Foods Inc, the fluctuations in the gross profit margin indicate changes in the company's cost structure, pricing strategies, and competitive dynamics within the industry. Monitoring the trend in the gross profit margin can help investors and stakeholders assess the company's financial performance and identify potential strengths and weaknesses in its operations.