Flowers Foods Inc (FLO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 157,107 | 298,711 | 270,772 | 200,711 | 212,083 |
| Revenue | US$ in thousands | 5,090,830 | 4,805,820 | 4,330,770 | 4,387,990 | 4,123,970 |
| Pretax margin | 3.09% | 6.22% | 6.25% | 4.57% | 5.14% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $157,107K ÷ $5,090,830K
= 3.09%
Flowers Foods Inc's pretax margin has exhibited some variability over the past five years. The company's pretax margin was at its highest in 2022 at 6.22%, followed closely by 2021 at 6.25%. However, there was a noticeable dip in the pretax margin in 2020, where it decreased to 4.57%. This decrease was followed by a slight recovery in 2019, with a pretax margin of 5.14%. In the most recent year, 2023, the pretax margin stands at 3.09%, showing a significant decline compared to the previous years. This trend may indicate fluctuations in the company's profitability before accounting for taxes and emphasizes the importance of further exploring the factors influencing these changes.
Peer comparison
Dec 31, 2023