Grocery Outlet Holding Corp (GO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 104,081 | 104,957 | 91,515 | 81,562 | 75,749 | 69,042 | 71,346 | 73,306 | 77,501 | 89,578 | 92,859 | 96,270 | 87,170 | 73,757 | 64,417 |
| 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 |
| Pretax margin | 2.63% | 2.70% | 2.40% | 2.21% | 2.13% | 2.02% | 2.18% | 2.33% | 2.53% | 2.90% | 3.01% | 3.09% | 2.80% | 2.49% | 2.26% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $104,081K ÷ $3,954,961K
= 2.63%
The pretax margin of Grocery Outlet Holding Corp has fluctuated over the past several quarters, ranging from 2.02% to 3.09%. There seems to be a general downward trend in the pretax margin from the beginning of 2021 to the end of 2023. This suggests that the company's profitability before taxes has shown a gradual decrease over this period. It is important for the company to closely monitor and manage its cost structure and operational efficiency in order to maintain or improve its pretax margin in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Grocery Outlet Holding Corp
GO
2.63%
Kroger Company
KR
1.89%
Sprouts Farmers Market LLC
SFM
5.03%