B&G Foods Inc (BGS)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-330,509	-32,891	-150,420	-143,141	-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
Revenue (ttm)	US$ in thousands	1,932,256	1,949,320	1,990,969	2,016,002	2,052,587	2,101,145	2,126,800	2,136,134	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
Pretax margin		-17.10%	-1.69%	-7.56%	-7.10%	-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%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-330,509K ÷ $1,932,256K
= -17.10%

The pretax margin of B&G Foods Inc has shown a fluctuating trend over the past few years, with some periods of growth followed by declines. Starting from around 6.94% in March 31, 2020, the pretax margin increased to 9.04% by September 30, 2020, and held steady at that level until March 31, 2021. However, a downward trend began after that, with the pretax margin dropping to 2.58% by June 30, 2022.

From September 30, 2022, the pretax margin turned negative, indicating that the company's pre-tax profits were lower than its total revenues. The negative trend continued until December 31, 2024, where the pretax margin experienced a significant decrease to -17.10%. This suggests that the company may be facing challenges in generating profits before accounting for tax expenses.

Overall, the declining trend in the pretax margin of B&G Foods Inc raises concerns about its profitability and operational efficiency. Further analysis of the company's cost structure and revenue streams may be necessary to understand the factors contributing to these fluctuations in pretax margin.