Sprouts Farmers Market LLC (SFM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 350,231 | 358,360 | 334,076 | 391,665 | 217,360 |
| Revenue | US$ in thousands | 6,830,890 | 6,395,180 | 6,088,180 | 6,453,970 | 5,613,640 |
| Operating profit margin | 5.13% | 5.60% | 5.49% | 6.07% | 3.87% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $350,231K ÷ $6,830,890K
= 5.13%
The operating profit margin of Sprouts Farmers Market Inc has shown a relatively stable trend over the past five years. The margin has ranged between 3.99% to 6.05% during this period.
In 2019, the operating profit margin was at the lowest point of 3.99%, reflecting potentially lower profitability compared to the subsequent years. However, there has been a general improvement in profitability over the following years.
The margin increased to 6.05% in 2021, indicating an improvement in the company's operational efficiency and ability to generate profit from its core business activities. Subsequently, there was a slight dip in 2022 to 5.55%, but the margin remained relatively stable.
As of December 31, 2023, the operating profit margin stands at 5.70%, which demonstrates continued profitability and efficiency in managing operating expenses to generate profits. Overall, the trend suggests that Sprouts Farmers Market Inc has maintained a consistent level of operating profitability in recent years.
Peer comparison
Dec 31, 2023