Campbell Soup Company Common Stock (CPB)
Pretax margin
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 757,000 | 1,128,000 | 975,000 | 1,330,000 | 1,802,000 |
| Revenue | US$ in thousands | 9,636,000 | 9,357,000 | 8,562,000 | 8,476,000 | 8,691,000 |
| Pretax margin | 7.86% | 12.06% | 11.39% | 15.69% | 20.73% |
July 28, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $757,000K ÷ $9,636,000K
= 7.86%
The pretax margin of Campbell Soup Company Common Stock has been gradually declining over the past few years. The company's pretax margin was 7.86% as of July 28, 2024, down from 12.06% in the previous year and 11.39% in the year before that. This downward trend suggests that the company's profitability before taxes has been decreasing. Compared to the pretax margin of 15.69% on August 1, 2021, and 20.73% on August 2, 2020, the current pretax margin indicates a significant decrease in profitability over the past few years. Further analysis of the company's financial performance and cost management strategies may be warranted to understand the reasons behind this decline in pretax margin.
Peer comparison
Jul 28, 2024