Grocery Outlet Holding Corp (GO)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 79,437 | 81,220 | 71,575 | 67,198 | 65,052 | 55,802 | 55,446 | 54,992 | 62,310 | 79,935 | 103,270 | 112,963 | 106,713 | 92,281 | 64,252 |
| 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 |
| Net profit margin | 2.01% | 2.09% | 1.88% | 1.82% | 1.83% | 1.63% | 1.70% | 1.75% | 2.03% | 2.59% | 3.35% | 3.63% | 3.42% | 3.11% | 2.25% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $79,437K ÷ $3,954,961K
= 2.01%
The net profit margin of Grocery Outlet Holding Corp has shown some fluctuations over the past few quarters. The net profit margin was relatively stable around 2% in the first two quarters of 2023 but decreased slightly to 1.88% in the following quarter. This downward trend continued in the most recent quarter, where the net profit margin declined to 1.82%.
Comparing the recent performance to the same period in the previous year, the net profit margin has decreased from 1.83% in December 2022 to 1.82% in March 2023. Looking further back, a noticeable decline in the net profit margin can be observed since June 2021, where it was at its highest point of 3.35%. Since then, there has been a consistent decrease in the net profit margin, with a notable drop from 3.42% in December 2021 to 1.82% in March 2023.
In summary, the net profit margin of Grocery Outlet Holding Corp has experienced a decreasing trend over the past few quarters, indicating potential challenges in maintaining profitability and efficiency in generating profits relative to revenue. Further analysis of the company's cost structure and revenue streams may be necessary to understand the factors contributing to this decline.
Peer comparison
Dec 31, 2023