Flowers Foods Inc (FLO)
Pretax margin
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 157,107 | 174,976 | 292,560 | 318,307 | 280,384 | 267,341 | 285,998 | 270,772 | 293,360 | 299,920 | 303,388 | 200,711 | 127,253 | 125,593 | 118,227 | 212,083 | 237,386 | 232,712 | 213,445 | 197,161 |
| Revenue (ttm) | US$ in thousands | 5,090,830 | 5,044,470 | 5,003,380 | 5,211,260 | 4,660,260 | 4,605,390 | 4,464,530 | 4,330,770 | 4,370,320 | 4,332,170 | 4,340,720 | 4,387,990 | 4,282,709 | 4,259,620 | 4,209,519 | 4,123,979 | 4,086,887 | 4,043,775 | 4,009,299 | 3,951,849 |
| Pretax margin | 3.09% | 3.47% | 5.85% | 6.11% | 6.02% | 5.80% | 6.41% | 6.25% | 6.71% | 6.92% | 6.99% | 4.57% | 2.97% | 2.95% | 2.81% | 5.14% | 5.81% | 5.75% | 5.32% | 4.99% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $157,107K ÷ $5,090,830K
= 3.09%
Over the past five years, Flowers Foods Inc's pretax margin has displayed fluctuating trends. The company's pretax margin has ranged from a low of 2.81% in April 2020 to a high of 6.99% in April 2021. In general, the pretax margin has shown a gradual increase from around 4.99% in December 2018 to around 6.11% in April 2023, before slightly dipping to 3.47% in October 2023.
The pretax margin measures the company's efficiency in generating profits before taxes relative to its total revenue. A higher pretax margin indicates better cost management and operational efficiency. It is essential for investors and analysts to closely monitor the pretax margin, as it reflects the company's ability to control expenses and generate profits.
Peer comparison
Dec 31, 2023