Grocery Outlet Holding Corp (GO)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,241,679 | 1,223,968 | 1,188,912 | 1,141,753 | 1,092,099 | 1,052,884 | 1,009,361 | 967,748 | 948,786 | 951,224 | 952,295 | 968,248 | 973,347 | 929,238 | 892,142 |
| Revenue (ttm) | US$ in thousands | 3,954,961 | 3,892,938 | 3,808,072 | 3,696,411 | 3,558,750 | 3,413,730 | 3,265,937 | 3,145,257 | 3,066,322 | 3,091,139 | 3,084,909 | 3,110,986 | 3,116,154 | 2,966,663 | 2,852,320 |
| Gross profit margin | 31.40% | 31.44% | 31.22% | 30.89% | 30.69% | 30.84% | 30.91% | 30.77% | 30.94% | 30.77% | 30.87% | 31.12% | 31.24% | 31.32% | 31.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,241,679K ÷ $3,954,961K
= 31.40%
Based on the data provided, Grocery Outlet Holding Corp's gross profit margin has exhibited some fluctuations over the past several quarters. The gross profit margin, which is a measure of a company's profitability and efficiency in managing its production costs, ranged from a low of 30.69% in December 2022 to a high of 31.44% in September 2023.
Overall, the company has maintained a relatively stable gross profit margin within the range of 30.69% to 31.44% over the past year, indicating consistent cost control and pricing strategies. It is noteworthy that the gross profit margin improved towards the most recent quarter, September 2023, which suggests a potential enhancement in the company's ability to generate profit from its core business operations.
Further analysis of the factors driving these fluctuations in the gross profit margin, such as changes in the cost of goods sold, pricing strategies, or sales volumes, would provide deeper insights into Grocery Outlet Holding Corp's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023