| Stage | LOCO | % of rev | BH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $130M | 100.00% | $109M | 100.00% | LOCO ×1.19 |
| Gross profit | $42M | 32.80% | $64M | 59.03% | BH +26.2pp |
| Operating income | $19M | 14.42% | $12M | 10.88% | LOCO +3.5pp |
| Pre-tax income | $18M | 13.87% | $52M | 47.56% | BH +33.7pp |
| Net income | $13M | 9.88% | $40M | 36.79% | BH +26.9pp |
| Stage | LOCO | BH | Gap · A − B |
|---|---|---|---|
| Revenue | $130M100.00% | $109M100.00% | LOCO ×1.19 |
| Gross profit | 32.80%$42M | 59.03%$64M | BH +26.2pp |
| Operating income | 14.42%$19M | 10.88%$12M | LOCO +3.5pp |
| Pre-tax income | 13.87%$18M | 47.56%$52M | BH +33.7pp |
| Net income |
| 9.88%$13M |
| 36.79%$40M |
| BH +26.9pp |