B&G Foods Inc (BGS)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-67,133	-37,698	-11,134	-26,601	-18,907	-54,955	54,243	88,914	93,654	117,673	151,481	178,829	177,362	174,283	153,962	117,851	105,692	229,656	231,608	217,603
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
Pretax margin		-3.27%	-1.79%	-0.52%	-1.25%	-0.87%	-2.60%	2.58%	4.27%	4.57%	5.92%	7.69%	8.86%	9.04%	9.04%	8.37%	6.94%	6.37%	13.93%	14.15%	13.39%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-67,133K ÷ $2,052,603K
= -3.27%

The pretax margin of B&G Foods Inc has exhibited fluctuations over the historical periods provided. The company experienced negative pretax margins in the most recent quarters, indicating that its pre-tax profits are not covering its operating expenses. This suggests potential financial challenges and inefficiencies that may need to be addressed.

The pretax margin reached its highest level in the first quarter of 2019, indicating strong profitability before decreasing in subsequent periods. The company demonstrated a gradual decline in profitability from 2019 to 2021, followed by significant fluctuations in 2022 and 2023.

Overall, the trend in the pretax margin of B&G Foods Inc shows variability and inconsistency, highlighting the importance of closely monitoring the company's financial performance and implementing strategies to improve profitability and cost management.