United Natural Foods Inc (UNFI)
Pretax margin
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,000 | 304,000 | 183,000 | -365,000 | -344,000 |
| Revenue | US$ in thousands | 30,138,000 | 28,858,000 | 26,755,000 | 26,303,000 | 22,127,200 |
| Pretax margin | 0.00% | 1.05% | 0.68% | -1.39% | -1.55% |
July 29, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,000K ÷ $30,138,000K
= 0.00%
The pretax margin of United Natural Foods Inc. has fluctuated over the past five years. In 2019 and 2020, the company experienced negative pretax margins of -2.04% and -1.30% respectively, indicating that its pre-tax income was insufficient to cover its operating expenses. However, the trend improved in subsequent years, with pretax margins increasing to 0.68% in 2021 and 1.07% in 2022. Despite this improvement, the pretax margin for the most recent fiscal year, ending on July 29, 2023, decreased to a meager 0.02%. This implies that the company's pre-tax profitability declined in the latest period. Further analysis of the company's cost structure and revenue generation may be necessary to understand the factors driving these fluctuations in pretax margin.
Peer comparison
Jul 29, 2023