United Natural Foods Inc (UNFI)
Pretax margin
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | Apr 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -166,000 | -118,000 | 1,000 | 147,000 | 237,000 | 300,000 | 304,000 | 307,000 | 275,000 | 260,000 | 183,000 | 181,928 | 203,260 | 83,742 | -365,140 | -344,780 | -381,047 | -771,063 | -343,730 | -361,846 |
| Revenue (ttm) | US$ in thousands | 30,120,000 | 30,161,000 | 30,134,000 | 30,025,000 | 29,834,000 | 29,424,000 | 28,879,000 | 28,351,000 | 27,643,000 | 27,106,460 | 26,729,410 | 26,680,080 | 27,135,800 | 26,732,720 | 26,449,380 | 26,491,000 | 25,421,900 | 25,139,730 | 21,711,280 | 17,572,240 |
| Pretax margin | -0.55% | -0.39% | 0.00% | 0.49% | 0.79% | 1.02% | 1.05% | 1.08% | 0.99% | 0.96% | 0.68% | 0.68% | 0.75% | 0.31% | -1.38% | -1.30% | -1.50% | -3.07% | -1.58% | -2.06% |
January 27, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-166,000K ÷ $30,120,000K
= -0.55%
United Natural Foods Inc.'s pretax margin has experienced a declining trend in recent quarters. The company reported negative pretax margins in the most recent two quarters, Q2 2024 at -0.54% and Q1 2024 at -0.37%. This indicates that the company's operating expenses and costs have exceeded its operating income during these periods. The pretax margin had shown slight improvement in Q4 2023, albeit still very low at 0.02%.
Compared to the same quarter in the previous year, the pretax margin has shown significant deterioration. In Q2 2023, the company reported a pretax margin of 0.82%, which was more than halved in Q2 2024. This downward trend raises concerns about the company's profitability and cost management strategies.
It is essential for United Natural Foods Inc. to closely monitor and address the factors contributing to the negative trend in its pretax margin to ensure sustainable financial performance and profitability in the future.
Peer comparison
Jan 27, 2024