B&G Foods Inc (BGS)

Net 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
Net income (ttm)	US$ in thousands	-66,198	-44,472	-21,314	-31,611	-11,370	-40,484	39,846	64,141	67,363	84,348	110,414	130,774	131,988	130,075	114,350	87,690	76,389	178,054	178,954	168,679
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
Net profit margin		-3.23%	-2.12%	-1.00%	-1.48%	-0.53%	-1.92%	1.90%	3.08%	3.29%	4.24%	5.60%	6.48%	6.73%	6.75%	6.22%	5.17%	4.60%	10.80%	10.93%	10.38%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-66,198K ÷ $2,052,603K
= -3.23%

The net profit margin of B&G Foods Inc has shown fluctuations over the past several quarters. From December 2019 to March 2020, the net profit margin ranged from 4.60% to 10.80%, indicating healthy profitability levels during this period. However, there was a significant decline in profitability in the following quarters, with margins dropping to as low as -3.23% in December 2023.

The negative margins in the recent quarters suggest that the company has been experiencing challenges in generating profits relative to its revenue. This could be attributed to various factors such as increased expenses, pricing pressures, or operational inefficiencies.

It is important for B&G Foods Inc to closely monitor and address the factors impacting its net profit margin in order to improve its financial performance and ensure sustainable profitability in the future.