Filing Flows › Grocery Outlet Holding (GO) › Q4 2024
Grocery Outlet Holding (GO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Grocery Outlet Holding (GO) reported revenue of $1.1B for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and -0.9% from the quarter before. Operating margin was 1.0%, net earnings $2.3M (0.2% of revenue).
Grocery Outlet Holding, Q4 2024: revenue $1.1B (+11% year over year), operating margin 1.0%, net earnings $2.3M, operating cash flow $39.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -0.9% | +11% |
| Gross profit | $324M | -6% | +8% |
| Operating profit | $11.4M | -72% | -40% |
| Net earnings | $2.3M | -90% | -84% |
| Operating cash flow | $39.5M | +72% | +45% |
What changed
Revenue was $1.1B in Q4 2024, up 11% year over year and down 1% from the previous quarter. Non-Perishable was the largest line at 64% of revenue.
Gross margin was 29.5%, down 0.7 points from a year earlier. Operating profit was $0.01B, a 1.0% margin (down 0.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.11B versus a year earlier, so costs grew faster than sales. Operating expenses grew 12% against revenue growth of 11%. Net earnings were $2.3M, down 84% year over year. The effective tax rate was 47.4%.
Operating cash flow was $0.04B (up 45% year over year), 1709% of net earnings. Non-cash charges added back $0.02B of depreciation. Working capital and other items added $0.01B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Grocery Outlet Holding's revenue in the fourth quarter 2024?
Grocery Outlet Holding (GO) reported revenue of $1.1B for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and -0.9% from the quarter before.
Was Grocery Outlet Holding profitable in the fourth quarter 2024?
Operating profit was $11.4M (1.0% of revenue) and net earnings $2.3M.