Grocery Outlet Holding Corp (GO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 125,782 | 130,820 | 117,950 | 108,380 | 94,990 | 86,457 | 87,913 | 84,676 | 89,095 | 101,492 | 105,664 | 114,349 | 107,375 | 96,551 | 90,184 |
| 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 |
| Operating profit margin | 3.18% | 3.36% | 3.10% | 2.93% | 2.67% | 2.53% | 2.69% | 2.69% | 2.91% | 3.28% | 3.43% | 3.68% | 3.45% | 3.25% | 3.16% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $125,782K ÷ $3,954,961K
= 3.18%
The operating profit margin of Grocery Outlet Holding Corp has exhibited some fluctuations over the past years, ranging from as low as 2.53% to as high as 3.68%. The margin peaked in the first quarter of 2021 at 3.68% before experiencing a decline over the following quarters. In the most recent quarter, the operating profit margin stood at 3.18%, showing a slight improvement from the previous quarter. Generally, the company has maintained a relatively stable operating profit margin hovering around the 3% mark, indicating reasonable control over its operating expenses relative to its revenues. Monitoring this ratio closely will be crucial to assess the company's ability to generate profits from its core business operations efficiently.
Peer comparison
Dec 31, 2023