B&G Foods Inc (BGS)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -67,133 | -18,907 | 93,654 | 177,362 | 105,692 |
| Revenue | US$ in thousands | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 | 1,654,640 |
| Pretax margin | -3.27% | -0.87% | 4.57% | 9.04% | 6.39% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-67,133K ÷ $2,053,870K
= -3.27%
The pretax margin of B&G Foods Inc has shown a declining trend over the five-year period from 2019 to 2023. The pretax margin decreased from 6.39% in 2019 to -3.27% in 2023. This indicates that the company's profitability before accounting for taxes has been deteriorating over the past five years. The negative pretax margin in 2023 suggests that the company's expenses and costs exceed its operating income before taxes, which may raise concerns about its operational efficiency and financial health. Further analysis and investigation into the factors contributing to this decline in pretax margin would be warranted to understand the underlying reasons and develop strategies for improvement.
Peer comparison
Dec 31, 2023