Grocery Outlet Holding Corp (GO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 125,782 | 94,990 | 89,095 | 107,375 | 68,343 |
| Revenue | US$ in thousands | 3,943,260 | 3,558,750 | 3,066,320 | 3,116,180 | 2,508,820 |
| Operating profit margin | 3.19% | 2.67% | 2.91% | 3.45% | 2.72% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $125,782K ÷ $3,943,260K
= 3.19%
The operating profit margin of Grocery Outlet Holding Corp has shown variability over the past five years. In 2023, the operating profit margin increased to 3.19% from 2.67% in 2022. This improvement indicates that the company was able to generate a higher percentage of operating profit relative to its total revenue in 2023. However, the operating profit margin was lower compared to 2020, when it was at 3.45%. In 2021, the operating profit margin was 2.91%, slightly higher than in 2019 at 2.72%.
Overall, while the operating profit margin fluctuated throughout the years, the company managed to maintain positive margins, showcasing its ability to effectively control costs and generate profits from its operations. Further analysis of the company's operational efficiency and profitability trends would provide deeper insights into its financial performance.
Peer comparison
Dec 31, 2023