Grocery Outlet Holding Corp (GO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,321,940 | 1,241,680 | 1,092,100 | 948,786 | 973,347 |
| Revenue | US$ in thousands | 4,371,500 | 3,969,450 | 3,578,100 | 3,079,580 | 3,134,640 |
| Gross profit margin | 30.24% | 31.28% | 30.52% | 30.81% | 31.05% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,321,940K ÷ $4,371,500K
= 30.24%
The gross profit margin of Grocery Outlet Holding Corp has shown fluctuations over the past five years. Starting at 31.05% on December 31, 2020, it decreased slightly to 30.81% by the end of December 31, 2021. Over the subsequent years, the margin continued to decline, reaching 30.52% by December 31, 2022, before experiencing a slight improvement to 31.28% by December 31, 2023. However, the margin decreased again to 30.24% by December 31, 2024. These fluctuations may indicate changes in the company's pricing strategies, cost structures, or competitive pressures impacting its ability to generate profits from its core operations. It is important for stakeholders to delve deeper into the underlying factors driving these changes to assess the long-term sustainability of Grocery Outlet Holding Corp's profitability.
Peer comparison
Dec 31, 2024