Grocery Outlet Holding (GO) FY2021 results: revenue $3.1 billion, down 1.8% on the year
Grocery Outlet Holding Corp. (GO) reported revenue of $3.1 billion for fiscal 2021, the year ended 1 January 2022, down 1.8% on the year before. Net income was $62 million, down 41.6%, and diluted earnings per share $0.63. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2022.
Revenue
$3.1 billion
-1.8% on the year
FY2017FY2021
Operating margin
2.9%
3.4% a year earlier
FY2017FY2021
Net income
$62 million
-41.6% on the year
FY2017FY2021
Diluted EPS
$0.63
-41.7% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
166
181
133
-8.6%
Capital expenditure
123
125
97.2
-1.2%
Free cash flow
42.2
56.3
35.6
-25.1%
Free cash flow margin
1.4%
1.8%
1.4%
Cash from investing
-137
-134
-108
Cash from financing
5.9
29.8
-17.8
-80.2%
Depreciation and amortisation
68.4
55.5
47.9
+23.2%
Share-based compensation
17.6
38.1
31.4
-53.7%
Buybacks
0.0
0.0
n/a
Dividends paid
0.2
0.4
3.6
-57.1%
Diluted shares, weighted
99m
98m
82m
+1.0%
Shares outstanding at period end
96m
95m
89m
+1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,009
922
745
+9.4%
Debt
460
460
460
0.0%
Operating lease liabilities
956
876
762
+9.1%
Finance lease liabilities
5.6
5.1
5.7
+10.4%
Other liabilities
239
222
212
+7.6%
Total liabilities and equity
2,670
2,486
2,186
+7.4%
Fixed assets
499
434
357
+15.2%
Goodwill
748
748
748
0.0%
Intangible assets
51.9
48.2
47.8
+7.7%
Cash and equivalents
140
105
28.1
+33.0%
Receivables
5.8
3.3
5.1
+77.6%
Other assets
1,225
1,147
1,000
+6.8%
Total assets
2,670
2,486
2,186
+7.4%
10-K for the year ended 1 January 2022, filed 2 March 2022: the filing.