Grocery Outlet

Grocery Outlet Holding Corp. engages in the operation of retail stores in the United States. It offers name-brand consumables and fresh products through a network of independently operated stores. The company was founded by Jim Read in 1946 and is headquartered in Emeryville, CA.

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Grocery Outlet reports robust Q4 sales growth and eyes East Coast expansion

Grocery Outlet's Q4 2022 performance reflects strong sales growth, effective cost management, and a strategic outlook for sustainable expansion and financial stability in 2023.
Despite challenges in awareness and margin pressures, the company's focus on core strengths, customer retention, and operational resilience positions it well for long-term success and market growth.
By leveraging opportunities in technology, private label offerings, and gradual East Coast expansion, Grocery Outlet aims to enhance its value proposition, market presence, and customer engagement for continued success.

Grocery Outlet surpasses Q1 expectations, eyes e-commerce and expansion

Grocery Outlet delivered impressive Q1 results, exceeding expectations across key financial metrics and strategic initiatives.
While facing challenges in managing margins and addressing inflation, the company is well-positioned to capitalize on growth opportunities.
By focusing on operational excellence, customer value, and market expansion, Grocery Outlet aims to sustain its positive performance trajectory.

Grocery Outlet reports robust Q2 results, eyes e-commerce growth

Grocery Outlet's Q2 2023 results reflect strong sales growth, improved margins, and positive regional performance, driven by its unique business model.
The company's focus on customer satisfaction, loyalty, and disciplined growth presents key strengths, while managing inflation and balancing growth remain challenges.
Opportunities lie in real estate acquisitions, e-commerce expansion, and leveraging the NOSH category for continued growth and financial success.

Grocery Outlet reports strong Q3 sales growth amidst operational challenges

Grocery Outlet's Q3 performance showcased sales growth, operational challenges, and strategic strengths in customer satisfaction and market expansion.
While facing short-term disruptions, the company's focus on ESG initiatives, brand loyalty, and digital expansion positions it well for future growth and operational efficiency.
Addressing challenges from system upgrades and inventory issues, Grocery Outlet aims to capitalize on opportunities for growth, innovation, and sustained profitability in the coming year.

Grocery Outlet surpasses Q4 expectations, eyes growth opportunities ahead

Grocery Outlet's strong Q4 performance, strategic initiatives, and expansion plans position it well for growth. Challenges include technology transition impact on EBITDA and higher CapEx costs.

Grocery Outlet exceeds Q1 sales expectations amidst margin challenges

Grocery Outlet's Q1 performance showcased strong sales growth despite system challenges, with a focus on enhancing margins and customer experience.
While facing system transition costs and margin impacts, the company remains resilient with plans for store expansion and margin recovery in the latter half of the year.
Opportunities lie in the private label program introduction, new store pipeline, and margin improvement, though challenges persist in system issues and operator recruitment.

Grocery Outlet surpasses Q2 expectations, eyes tech-driven growth

Grocery Outlet's Q2 performance exceeded expectations, showcasing strong sales growth and improved margins.
The company's strategic focus on technology, new store growth, and customer experience bodes well for future success.
Despite challenges like system issues and softening comp sales, Grocery Outlet remains optimistic about its growth prospects.

Grocery Outlet reports resilient Q3 performance amidst system challenges

Grocery Outlet's Q3 performance showcased resilience amid system challenges, with strong top-line growth and operational focus.
While facing execution hurdles, the company's commitment to value and independent operators remains a competitive advantage.
Addressing system issues, refocusing on value, and simplifying priorities are key to future growth.
Analysts' concerns highlight the importance of strategic clarity and operational efficiency for Grocery Outlet.

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I maintain a sell rating for Grocery Outlet Holding stock due to persistent poor same-store sales and gross margin outlook. 3Q24 earnings show further SSS deceleration and worsening unit economics, with declining margins across the board. Despite a sharp valuation derating, significant uncertainties and competitive pressures suggest the stock will, at best, trade sideways.

Grocery Outlet Holding: No Signs Of SSS And Gross Margin Improvement Anytime Soon

Grocery Outlet Holding Corp GO reported upbeat earnings for its third quarter on Tuesday.

Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results

GO reports Q3 2024 results with a 10.4% net sales increase, driven by solid comparable store sales performance and the addition of new store openings.

Grocery Outlet Q3 Earnings & Sales Beat Estimates, Comps Jump 1.2%

Grocery Outlet Holding Corp. (NASDAQ:GO ) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Christine Chen - Head of Investor Relations Eric Lindberg - Chairman of the Board and Interim President and Chief Executive Officer Lindsay Gray - Interim Chief Financial Officer and Senior Vice President, Accounting Conference Call Participants Operator Greetings, and welcome to Grocery Outlet's Fiscal Third Quarter 2024 Earnings Results Conference. At this time, all participants are in listen-only mode.

Grocery Outlet Holding Corp. (GO) Q2 2024 Earnings Call Transcript

Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.31 per share a year ago.

Grocery Outlet Holding Corp. (GO) Q3 Earnings and Revenues Top Estimates

Q3 fiscal 2024 net sal es increased 10.4% Q3 fiscal 2024 comparable store sa les grew 1.2%, driven by a 2.0% increase in transactions Company updates key guidance for fiscal 2024

Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2024 Financial Results

GO's opportunistic purchasing, targeted marketing, store expansion and e-commerce efforts are likely to have boosted its sales this quarter.

Grocery Outlet to Post Q3 Earnings: Can GO Beat Market Expectations?

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Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO

Grocery Outlet Holding Corp. Announces CEO Transition

The system transition that has posed challenges for Grocery Outlet negatively impacts both operational efficiency and financial performance.

GO Stock's Valuation at 15.3X PE: Still a Buy or Time to Sell?

EMERYVILLE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the third quarter of fiscal 2024 will be released after the market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.

Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call Date

The system transition, which has posed challenges for GO, is negatively impacting its operational efficiency and financial performance.

Grocery Outlet Trades Below 200 & 50-Day SMA: How to Play the Stock?

The systems transition that has posed challenges for Grocery Outlet negatively impacting both operational efficiency and financial performance.

Grocery Outlet Down 46% From 52-Week High: Will GO Rebound From Here?

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GO is working to enhance its market presence through a combination of diverse product assortments, targeted marketing and in-store initiatives.

Grocery Outlet Declines 37% YTD: Should You Hold or Sell the Stock?

Grocery Outlet (GO) reported earnings 30 days ago. What's next for the stock?

Why Is Grocery Outlet (GO) Down 8.2% Since Last Earnings Report?

EMERYVILLE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, announced today the official launch of its new private label program, GO Brands.

Grocery Outlet Launches Private Label Program, GO Brands

I have a negative outlook due to poor SSS growth and increased competition. 2Q24 earnings showed SSS growth slowing down, with management expecting further deceleration in 3Q24. Competitive environment driving down margins, with GO stuck between protecting SSS growth or margins.

Grocery Outlet Holding: Poor SSS Growth Outlook For The Near Term

Touching Lives for The Better By Providing Access to Affordable Food, Giving Back to Local Communities, and Improving Operational Efficiencies Touching Lives for The Better By Providing Access to Affordable Food, Giving Back to Local Communities, and Improving Operational Efficiencies

Grocery Outlet Holding Corp. Releases Second Annual Impact Report

Grocery Outlet's Q2 showed comparable sales growth well above slowing food inflation and competitors' reported comparable sales growth levels. The company's margins are finally looking to normalize after recent quarters have shown extensive temporary technology implementation costs. The company's aggressive expansion continues, including the quite recent acquisition of United Grocery Outlet.

Grocery Outlet: Q2, Profitability Has Started Normalizing

Grocery Outlet's (GO) second-quarter results reflect a comparable store sales increase of 2.9%. Management anticipates comparable store sales growth of 3.5% for 2024.

Grocery Outlet's (GO) Q2 Earnings Beat, Comps Jump 2.9% Y/Y

While the top- and bottom-line numbers for Grocery Outlet (GO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Grocery Outlet (GO) Reports Q2 Earnings: What Key Metrics Have to Say

Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.32 per share a year ago.

Grocery Outlet Holding Corp. (GO) Beats Q2 Earnings and Revenue Estimates

Q2 fiscal 2024 net sales increased 11.7% Q2 fiscal 2024 comparable store sales grew 2.9% , driven by a 5.1% increase in transactions Company updates key guidance for fiscal 2024

Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2024 Financial Results

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