B&G Foods Inc (BGS)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	383,124	338,659	344,917	334,223
Revenue (ttm)	US$ in thousands	2,052,603	2,101,161	2,126,816	2,136,150	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	1,660,414	1,648,297	1,636,656	1,625,684
Gross profit margin		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%	23.07%	20.55%	21.07%	20.56%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $455,521K ÷ $2,052,603K
= 22.19%

B&G Foods Inc has shown fluctuations in its gross profit margin over the past few quarters. The gross profit margin indicates the efficiency of the company in managing its production costs.

The trend in the gross profit margin shows a general increase from the first quarter of 2020 to the second quarter of 2021, reaching a peak of 24.55%. However, in the following quarters, the margin has been on a downward trajectory, with slight fluctuations.

The most recent data from December 31, 2023, shows a gross profit margin of 22.19%, which is higher compared to the previous quarter. This increase might indicate improved cost management or pricing strategies during this period.

Overall, the gross profit margin of B&G Foods Inc has demonstrated variability in recent quarters, reflecting changes in cost structures, pricing strategies, and overall efficiency in managing production costs. Investors and stakeholders may want to monitor future trends in the gross profit margin to assess the company's operational performance and profitability.