Grocery Outlet Holding Corp (GO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,241,680 | 1,092,100 | 948,786 | 973,347 | 787,102 |
| Revenue | US$ in thousands | 3,943,260 | 3,558,750 | 3,066,320 | 3,116,180 | 2,508,820 |
| Gross profit margin | 31.49% | 30.69% | 30.94% | 31.24% | 31.37% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,241,680K ÷ $3,943,260K
= 31.49%
The gross profit margin of Grocery Outlet Holding Corp has shown some fluctuation over the past five years, ranging from 30.69% to 31.49%. In 2023, the gross profit margin increased to 31.49% from 30.69% in 2022, indicating that the company was able to generate more gross profit relative to its revenue. This improvement suggests that Grocery Outlet may have effectively managed its cost of goods sold or potentially increased the selling price of its products. However, it is important to note that the margins have remained relatively stable around the low 30% range over the years, indicating consistent performance in managing the direct costs associated with producing or sourcing its goods.
Peer comparison
Dec 31, 2023