Flowers Foods Inc (FLO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 123,416 | 228,394 | 206,187 | 152,318 | 164,538 |
| Revenue | US$ in thousands | 5,090,830 | 4,805,820 | 4,330,770 | 4,387,990 | 4,123,970 |
| Net profit margin | 2.42% | 4.75% | 4.76% | 3.47% | 3.99% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $123,416K ÷ $5,090,830K
= 2.42%
The net profit margin of Flowers Foods Inc has exhibited fluctuations over the past five years. In 2023, the net profit margin decreased to 2.42% from 4.75% in 2022, marking a significant decline. This could indicate decreased profitability relative to the prior year.
Looking further back, in 2021, the net profit margin was relatively stable at 4.76%. Whereas, in 2020 and 2019, the net profit margin was 3.47% and 3.99%, respectively. This suggests that the company experienced fluctuations in profitability during these years as well.
Overall, the trend in the net profit margin of Flowers Foods Inc indicates some volatility in the company's profitability over the past five years. Further analysis and investigation into the factors influencing these fluctuations would be necessary to gain a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2023