B&G Foods Inc (BGS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -66,198 | -11,370 | 67,363 | 131,988 | 76,389 |
| Revenue | US$ in thousands | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 | 1,654,640 |
| Net profit margin | -3.22% | -0.53% | 3.29% | 6.73% | 4.62% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-66,198K ÷ $2,053,870K
= -3.22%
The net profit margin of B&G Foods Inc has fluctuated over the past five years. In 2019, the company recorded a net profit margin of 4.62%, indicating that for every dollar of revenue generated, the company retained $0.0462 in profit. The margin decreased in 2020 to 6.73%, then further declined to 3.29% in 2021, before turning negative with -0.53% in 2022 and -3.22% in 2023.
The negative net profit margins in 2022 and 2023 suggest that the company's expenses exceeded its revenues during those periods. This could be attributed to various factors such as increased operating costs, declining sales, or one-time charges impacting profitability. It is essential for the company to address these challenges and improve its operational efficiency to return to positive net profit margins in the future.
Peer comparison
Dec 31, 2023