Cal-Maine Foods Inc (CALM)
Pretax margin
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 361,577 | 355,616 | 595,445 | 835,457 | 999,842 | 1,000,012 | 627,786 | 365,721 | 166,224 | 7,570 | -33,709 | -18,288 | -9,949 | 79,774 | 85,969 | 55,128 | 20,122 | -85,580 | -50,214 | -6,715 |
| Revenue (ttm) | US$ in thousands | 2,348,374 | 2,396,265 | 2,688,969 | 2,962,667 | 3,155,135 | 3,059,414 | 2,534,012 | 2,123,411 | 1,796,346 | 1,553,178 | 1,434,020 | 1,388,348 | 1,348,981 | 1,452,523 | 1,439,031 | 1,403,225 | 1,351,609 | 1,178,848 | 1,217,253 | 1,261,771 |
| Pretax margin | 15.40% | 14.84% | 22.14% | 28.20% | 31.69% | 32.69% | 24.77% | 17.22% | 9.25% | 0.49% | -2.35% | -1.32% | -0.74% | 5.49% | 5.97% | 3.93% | 1.49% | -7.26% | -4.13% | -0.53% |
June 1, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $361,577K ÷ $2,348,374K
= 15.40%
The pretax margin of Cal-Maine Foods Inc has shown fluctuations over the past several quarters. In the most recent quarter, ending on June 1, 2024, the pretax margin was 15.40%, indicating that the company retained approximately 15.40% of its revenue as profit before taxes. This represented a slight increase from the previous quarter's pretax margin of 14.84%.
Looking back further, there was a notable decline in pretax margin in the quarter ending on Dec 2, 2023, where the margin was 22.14%, followed by a significant drop to 28.20% in the quarter ending on Sep 2, 2023. The highest pretax margin observed in recent periods was in the quarter ending on Jun 3, 2023, at 31.69%.
The pretax margin trend suggests that the company has experienced fluctuations in its profitability before accounting for taxes. These fluctuations may be influenced by various factors such as changes in revenue, operating expenses, and cost structures. Further analysis of the company's financial performance and operational efficiency would be required to understand the drivers behind these pretax margin movements.