Sprouts Farmers Market LLC (SFM)
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 | 343,740 | 349,313 | 322,392 | 376,878 | 196,168 |
| Revenue | US$ in thousands | 6,830,890 | 6,395,180 | 6,088,180 | 6,453,970 | 5,613,640 |
| Pretax margin | 5.03% | 5.46% | 5.30% | 5.84% | 3.49% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $343,740K ÷ $6,830,890K
= 5.03%
The pretax margin of Sprouts Farmers Market Inc has shown a consistent trend over the past five years. The pretax margin decreased from 5.83% in January 2021 to 3.48% in December 2019 before experiencing a slight increase to 5.29% in January 2022. However, in the most recent period of December 31, 2023, the pretax margin improved to 5.03%, indicating a positive shift in profitability. It is essential to monitor this metric closely to ensure sustainable growth and operational efficiency in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Sprouts Farmers Market LLC
SFM
5.03%
Grocery Outlet Holding Corp
GO
2.64%
Kroger Company
KR
1.89%