ConAgra Foods Inc (CAG)
Pretax margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 610,200 | 609,700 | 901,900 | 902,300 | 1,178,700 |
| Revenue | US$ in thousands | 12,050,900 | 11,624,600 | 12,277,000 | 11,852,600 | 11,535,900 |
| Pretax margin | 5.06% | 5.24% | 7.35% | 7.61% | 10.22% |
May 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $610,200K ÷ $12,050,900K
= 5.06%
The pretax margin of ConAgra Foods Inc has shown a declining trend over the past few years. It stood at 10.22% as of May 31, 2022, but decreased to 7.61% by May 28, 2023. The trend continued to decline to 7.35% as of May 31, 2023, and further dropped to 5.24% by May 26, 2024. The most recent data point available indicates a pretax margin of 5.06% as of May 31, 2024.
This downward trend in pretax margin suggests that the company's profitability before taxes has been decreasing over the years. It is important for the company to analyze the factors contributing to this decline and take necessary actions to improve its pretax margin in order to enhance overall financial performance.
Peer comparison
May 31, 2024