Eastside Distilling (Eastside Distilling) Gross Margin % : -5.89% (As of Dec. 2023)

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What is Eastside Distilling Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Eastside Distilling's Gross Profit for the three months ended in Dec. 2023 was $-0.12 Mil. Eastside Distilling's Revenue for the three months ended in Dec. 2023 was $2.00 Mil. Therefore, Eastside Distilling's Gross Margin % for the quarter that ended in Dec. 2023 was -5.89%.

Warning Sign:

Eastside Distilling Inc gross margin has been in long-term decline. The average rate of decline per year is -22.1%.

The historical rank and industry rank for Eastside Distilling's Gross Margin % or its related term are showing as below:

EAST' s Gross Margin % Range Over the Past 10 Years
Min: 10.11 Med: 36.17 Max: 53.18
Current: 10.11

During the past 13 years, the highest Gross Margin % of Eastside Distilling was 53.18%. The lowest was 10.11%. And the median was 36.17%.

EAST's Gross Margin % is ranked worse than
97.6% of 208 companies
in the Beverages - Alcoholic industry
Industry Median: 39.27 vs EAST: 10.11

Eastside Distilling had a gross margin of -5.89% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Eastside Distilling was -22.10% per year.

Eastside Distilling Gross Margin % Historical Data

The historical data trend for Eastside Distilling's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Eastside Distilling Gross Margin % Chart

Eastside Distilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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34.91

25.86

23.48

17.58

10.11

Eastside Distilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-6.41	22.47	0.98	17.16	-5.89

Competitive Comparison of Eastside Distilling's Gross Margin %

For the Beverages - Wineries & Distilleries subindustry, Eastside Distilling's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eastside Distilling's Gross Margin % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastside Distilling's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Eastside Distilling's Gross Margin % falls into.

Eastside Distilling Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Eastside Distilling's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1.1	/	10.499
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.499 - 9.438)	/	10.499
	=	10.11 %

Eastside Distilling's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.1	/	2.002
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.002 - 2.12)	/	2.002
	=	-5.89 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Eastside Distilling (NAS:EAST) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Eastside Distilling had a gross margin of -5.89% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Eastside Distilling Gross Margin % Related Terms

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Eastside Distilling (Eastside Distilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Eastside Distilling Inc (NAS:EAST) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2321 NE Argyle Street, Unit D, Portland, OR, USA, 97211

Website

https://www.eastsidedistilling.com

Eastside Distilling Inc is a producer and marketer of Craft Canning + Printing and spirits. Its alcoholic beverage categories include whiskey, vodka, gin, rum, tequila, and Ready-to-Drink. Some of its brands include Azunia Tequila, Hue-Hue Coffee Rum, Portland Potato Vodka, and Burnside Whiskey. It operates in a two segment of packaging, producing, marketing, and distributing alcoholic beverages. Craft Canning + Printing includes, Digital Can Printing, Co-packing Facility and Mobile Canning. The company distributes its products in 33 states of the United States.

Executives

Elizabeth Ann Levy-navarro	director	C/O EASTSIDE DISTILLING, INC., 8911 NE MARX DRIVE, SUITE A2, PORTLAND OR 97220
Eric J. Finnsson	director	C/O EASTSIDE DISTILLING, INC., 1001 SE WATER AVENUE, #390 OR 97214
Bigger Capital Fund Gp, Llc	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
Bigger Capital, Llc	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
District 2 Gp Llc	10 percent owner	14 WALL STREET, 2ND FLOOR, HUNTINGTON NY 11743
District 2 Holdings Llc	10 percent owner	14 WALL STREET, 2ND FLOOR, HUNTINGTON NY 11743
Bigger Capital Fund L P	10 percent owner	159 JENNINGS RD, COLD SPRING HARBOR NY 11724
District 2 Capital Fund Lp	10 percent owner	14 WALL STREET, 2ND FLOOR, HUNTINGTON NY 11743
B.a.d. Company, Llc	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
District 2 Capital Lp	10 percent owner	175 W CARVER STREET, HUNTINGTON NY 11743
Michael Bigger	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
Geoffrey C Gwin	officer: Chief Financial Officer	238 BLACK ROCK TPK, REDDING CT 06896
Joseph D Giansante	director	2321 NE ARGYLE STREET, UNIT D, PORTLAND OR 97211
Patrick J. Kilkenny	10 percent owner	P.O. BOX 1641, RANCHO SANTA FE CA 92067
Amy Lee Brassard	officer: Corporate Secretary	8911 NE MARX DRIVE, SUITE A2, PORTLAND OR 97220