B&G Foods Inc (BGS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	80,419	98,628	196,079	276,438	203,836
Revenue	US$ in thousands	2,053,870	2,163,840	2,049,690	1,962,560	1,654,640
Operating profit margin		3.92%	4.56%	9.57%	14.09%	12.32%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $80,419K ÷ $2,053,870K
= 3.92%

B&G Foods Inc's operating profit margin has shown a declining trend over the past five years. The margin decreased from 12.32% in 2019 to 3.92% in 2023. This indicates that the company's ability to generate profits from its core operations has weakened over time. The decrease in operating profit margin could be attributed to various factors such as increasing operating expenses, pricing pressures, or ineffective cost management. It is essential for the company to closely monitor and address the underlying causes of this declining trend to improve profitability and ensure long-term sustainability.