Grocery Outlet Holding's gross profit for the
three
months ended in Mar. 2024 was $304 Mil. Grocery Outlet Holding's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $1,245 Mil.
* 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.
Competitive Comparison of Grocery Outlet Holding's Gross Profit
For the Grocery Stores subindustry, Grocery Outlet Holding's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Grocery Outlet Holding's Gross Profit Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Grocery Outlet Holding's Gross Profit distribution charts can be found below:
* The bar in red indicates where Grocery Outlet Holding's Gross Profit falls into.
Grocery Outlet Holding Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Grocery Outlet Holding's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,245 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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.
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
Grocery Outlet Holding had a gross margin of 29.31% for the quarter that ended in Mar. 2024 => Competition eroding margins
Grocery Outlet Holding Gross Profit Related Terms
Thank you for viewing the detailed overview of Grocery Outlet Holding's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Grocery Outlet Holding (Grocery Outlet Holding) Business Description
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.
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