SpartanNash Co (SPTN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 52,237 | 34,518 | 73,751 | 75,914 | 5,742 |
| Revenue | US$ in thousands | 9,729,220 | 9,643,100 | 8,931,040 | 9,348,480 | 8,536,060 |
| Net profit margin | 0.54% | 0.36% | 0.83% | 0.81% | 0.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $52,237K ÷ $9,729,220K
= 0.54%
The net profit margin of SpartanNash Co has shown variability over the past five years. In 2019, the net profit margin was at a low of 0.07%, indicating the company had limited profitability relative to its revenue. However, there was a significant improvement in 2021 when the net profit margin increased to 0.83%, demonstrating better efficiency in generating profits from its sales.
In the subsequent years, there was a slight decline in 2022 to 0.36% but a recovery in 2023 with a net profit margin of 0.54%. It is important to note that while the net profit margin has fluctuated, it has generally remained relatively low compared to industry benchmarks.
Overall, SpartanNash Co's net profit margin analysis highlights the company's varying ability to translate its sales into profits over the years, indicating the need for continued focus on cost management and revenue generation strategies to enhance profitability.
Peer comparison
Dec 31, 2023