SpartanNash Co (SPTN)
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 | 70,125 | 46,915 | 98,657 | 85,364 | 3,400 |
| Revenue | US$ in thousands | 9,729,220 | 9,643,100 | 8,931,040 | 9,348,480 | 8,536,060 |
| Pretax margin | 0.72% | 0.49% | 1.10% | 0.91% | 0.04% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $70,125K ÷ $9,729,220K
= 0.72%
SpartanNash Co's pretax margin, a key indicator of profitability, has exhibited fluctuations over the past five years. In 2023, the pretax margin stood at 0.72%, showing an improvement from the prior year. However, the margin was lower compared to 2021 when it reached 1.10%, indicating a slight decline in profitability. In 2020, the pretax margin was 0.91%, reflecting a relatively stable performance. The most significant increase was observed in 2019, with the pretax margin sharply rising to 0.04%.
Overall, SpartanNash Co's pretax margin has shown variability in recent years, with fluctuations in profitability levels. An upward trend in the pretax margin may indicate improved efficiency in cost management or revenue generation, while a downward trend could signal challenges in maintaining profitability. Further analysis and comparison with industry benchmarks are advisable to gain deeper insights into the company's financial performance.
Peer comparison
Dec 31, 2023