Grocery Outlet Holding Corp (GO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 104,081 | 75,749 | 77,501 | 87,134 | 16,782 |
| Revenue | US$ in thousands | 3,943,260 | 3,558,750 | 3,066,320 | 3,116,180 | 2,508,820 |
| Pretax margin | 2.64% | 2.13% | 2.53% | 2.80% | 0.67% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $104,081K ÷ $3,943,260K
= 2.64%
Grocery Outlet Holding Corp's pretax margin, a key profitability ratio, has fluctuated over the past five years. In 2023, the pretax margin improved to 2.64% compared to 2.13% in 2022, indicating better control over operating expenses relative to revenue. There was a slight decline from 2.53% in 2021 to 2.80% in 2020, reflecting potential challenges in managing costs efficiently. The most notable increase was seen in 2019 when the pretax margin jumped to 0.67%, signaling a significant enhancement in profitability. Overall, the trend in the pretax margin suggests some variability in the company's ability to generate profits before accounting for taxes across the years analyzed.
Peer comparison
Dec 31, 2023