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Grocery Outlet Holding (Grocery Outlet Holding) EBIT : $101 Mil (TTM As of Mar. 2024)


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What is Grocery Outlet Holding EBIT?

Grocery Outlet Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $101 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grocery Outlet Holding's annualized ROC % for the quarter that ended in Mar. 2024 was 0.03%. Grocery Outlet Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grocery Outlet Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.86%.


Grocery Outlet Holding EBIT Historical Data

The historical data trend for Grocery Outlet Holding's EBIT 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.

* Premium members only.

Grocery Outlet Holding EBIT Chart

Grocery Outlet Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 62.18 106.49 91.88 94.84 126.99

Grocery Outlet Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.74 37.66 39.29 21.30 2.83

Competitive Comparison of Grocery Outlet Holding's EBIT

For the Grocery Stores subindustry, Grocery Outlet Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Grocery Outlet Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grocery Outlet Holding's EV-to-EBIT falls into.



Grocery Outlet Holding EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $101 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.


Grocery Outlet Holding  (NAS:GO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Grocery Outlet Holding's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=2.252 * ( 1 - 60.77% )/( (2564.782 + 2606.532)/ 2 )
=0.8834596/2585.657
=0.03 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2969.586 - 289.817 - ( 114.987 - max(0, 383.965 - 516.551+114.987))
=2564.782

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2974.531 - 301.114 - ( 66.885 - max(0, 382.06 - 478.4+66.885))
=2606.532

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Grocery Outlet Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11.308/( ( (1588.172 + max(82.813, 0)) + (1629.679 + max(93.528, 0)) )/ 2 )
=11.308/( ( 1670.985 + 1723.207 )/ 2 )
=11.308/1697.096
=0.67 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.943 + 349.993 + 32.443) - (289.817 + 0 + 24.749)
=82.813

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.347 + 362.73 + 29.954) - (301.114 + 0 + 11.389)
=93.528

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Grocery Outlet Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=101.078/3533.668
=2.86 %

* 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.


Grocery Outlet Holding EBIT Related Terms

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Grocery Outlet Holding (Grocery Outlet Holding) Business Description

Traded in Other Exchanges
N/A
Address
5650 Hollis Street, Emeryville, CA, USA, 94608
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.
Executives
Thomas F Herman director C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Lindberg Eric J. Jr. director, officer: Chief Executive Officer C/O GROCERY OUTLET HOLDING CORP., 56560 HOLLIS STREET, EMERYVILLE CA 94608
Pamela B. Burke officer: CAO, GC & Secretary C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Charles Bracher officer: Chief Financial Officer C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Erik D. Ragatz director ONE MARITIME PLAZA, 12TH FLOOR, SAN FRANCISCO CA 94111
Luke D Thompson officer: SVP, GC and Secretary C/O GROCERY OUTLET HOLDING CORP, 5650 HOLLIS STREET, EMERYVILLE CA 94608
Calvin Chung officer: See Remarks C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Sheedy Robert Joseph Jr. officer: President C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Lindsay E. Gray officer: VP Corporate Controller C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Steven K. Wilson officer: SVP, Purchasing C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Andrea Renee Bortner officer: Chief Human Resources Officer C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Jeffrey York director C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Brian Mcandrews officer: See Remarks C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Norman S Matthews director 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Read S. Macgregor Jr. director, officer: Vice Chairman C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608

Grocery Outlet Holding (Grocery Outlet Holding) Headlines

From GuruFocus

Grocery Outlet Holding Corp (GO) CEO Eric J. Jr. Lindberg Sold $861,250 of Shares

By GuruFocus Research GuruFocus Editor 07-09-2021