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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EMERYVILLE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") announced that it has appointed Ramesh Chikkala to the newly created position of EVP, Chief Operations Officer, effective January 22, 2024.

Grocery Outlet Appoints Ramesh Chikkala to Newly Created EVP, Chief Operations Officer Role

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Grocery Outlet Holding reported strong 3Q23 performance with $1 billion in revenue and 6.4% same-store sales growth. The system transition issue impacted SSS growth by 150 bps, but I don't see this as a structural impairment to the Company's business. GO aims for long-term annual store growth of 10% which means that my 10% growth assumption can be easily met.

Grocery Outlet Holding: Unit Growth And SSS Growth To Continue Driving Growth

With a strong focus on customer diversity, operational efficiency and sustainable growth, Grocery Outlet (GO) continues to solidify its position in the grocery retail sector.

Grocery Outlet (GO) Gains on Value Proposition & Market Growth

Grocery Outlet Holding Corp. GO, +1.68% said late Monday that Chief Financial Officer Charles Bracher is stepping down on March 1 “to pursue another opportunity,” which the company didn't name. Bracher will work with Principal Accounting Officer Lindsay Gray through the transition, and a search for his replacement will be underway, the off-price grocer said.

Grocery Outlet CFO Charles Bracher to step down

Charles Bracher Stepping Down for a New Opportunity, Effective March 1, 2024 Charles Bracher Stepping Down for a New Opportunity, Effective March 1, 2024

Grocery Outlet Holding Corp. Announces CFO Transition and Reaffirms Fourth Quarter Outlook and Fiscal 2023 Guidance

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The Zacks Consumer Products - Staples industry participants are grappling with cost inflation and high SG&A costs. However, favorable demand and revenue-driving efforts have been aiding Kimberly-Clark (KMB), Albertsons Companies (ACI), Ollie's Bargain (OLLI) and Grocery Outlet (GO).

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Grocery Outlet continues national expansion with long-time Independent Operators Grocery Outlet continues national expansion with long-time Independent Operators

Grocery Outlet Enters Ninth State with Store Opening in Ohio

The consensus price target hints at a 26% upside potential for Grocery Outlet Holding Corp. (GO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Grocery Outlet Holding Corp. (GO) Have the Potential to Rally 25.97% as Wall Street Analysts Expect?

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Here's Why Grocery Outlet Holding Corp. (GO) is a Strong Momentum Stock

Grocery Outlet's (GO) third-quarter results reflect a comparable store sales increase of 6.4%. Management anticipates comparable store sales growth of 7-7.5% for 2023.

Grocery Outlet's (GO) Q3 Earnings Beat Estimates, Comps Up Y/Y

Grocery Outlet Holding Corp. (NASDAQ:GO ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Christine Chen - Vice President, Investor Relations RJ Sheedy - President and CEO Charles Bracher - Chief Financial Officer Conference Call Participants Leah Jordan - Goldman Sachs Oliver Chen - TD Cowen Robby Ohmes - Bank of America Krisztina Katai - Deutsche Bank Joe Feldman - Telsey Advisory John Heinbockel - Guggenheim Securities Mark Carden - UBS Corey Tarlowe - Jefferies Michael Baker - D.A. Davidson Michael Kessler - Morgan Stanley Jeremy Hamblin - Craig-Hallum Operator Greetings.

Grocery Outlet Holding Corp. (GO) Q3 2023 Earnings Call Transcript

Net sales increased 9.3% Comparable store sales increased 6.4% GAAP net income increased 55.1% with diluted EPS of $0.27 Adjusted EBITDA (1) increased 20.0% to $68.1 million Company updates key guidance for fiscal 2023

Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2023 Financial Results

Grocery Outlet's (GO) third-quarter results are likely to reflect marketing efforts, store-growth endeavors and e-commerce initiatives to deepen the customer reach.

Grocery Outlet (GO) to Report Q3 Earnings: What's in Store?

Grocery Outlet's (GO) unique business model, strategic initiatives and customer-centric approach position it for continued success in the competitive retail industry.

Grocery Outlet (GO) Rides on Business Model, Customer Reach

EMERYVILLE, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the third quarter of fiscal 2023 will be released after the market close on Tuesday, November 7, 2023. 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 2023 Earnings Release and Conference Call Date

EMERYVILLE, Calif.--(BUSINESS WIRE)--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, today announced the publication of its first annual Environmental, Social and Governance (ESG) Report covering fiscal year 2022. “At Grocery Outlet, our mission of Touching Lives for the Better has been core to the business from the start, and fulfilling this purpose has resulted in positi.

Grocery Outlet Holding Corp. Releases Inaugural Environmental, Social and Governance (ESG) Report

Grocery Outlet (GO) stands out in the retail industry with its unique business model, focusing on adaptable sourcing and distribution, and providing high-quality, name-brand products at exceptional prices.

Growth Strategies Propel Grocery Outlet (GO) Toward Success

Grocery Outlet Holding Corp. (GO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Grocery Outlet Holding Corp. (GO) Moves to Strong Buy: Rationale Behind the Upgrade

Grocery Outlet (GO) is positioned to flourish and effectively cater to its diverse customer base on a distinctive business model, continuous store expansions and investments in operational efficiency.

Will Grocery Outlet's (GO) Plan of Growing Store Presence Aid?

Grocery Outlet Holding Corp. (GO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Grocery Outlet Holding Corp. (GO) Loses -10.87% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The heavy selling pressure might have exhausted for Grocery Outlet Holding Corp. (GO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -8.14% in 4 Weeks, Here's Why You Should You Buy the Dip in Grocery Outlet Holding Corp. (GO)

Investors interested in stocks from the Consumer Products - Staples sector have probably already heard of Grocery Outlet Holding Corp. (GO) and RH (RH). But which of these two stocks offers value investors a better bang for their buck right now?

GO or RH: Which Is the Better Value Stock Right Now?

The Zacks Consumer Products - Staples industry participants are dealing with cost inflation and SG&A cost hikes. However, favorable demand and revenue-driving efforts work well for Kimberly-Clark (KMB), Albertsons Companies (ACI), Ollie's Bargain (OLLI) and Grocery Outlet (GO).

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With a differentiated business model, ongoing store expansion and investments in operational efficiency, Grocery Outlet (GO) is poised to thrive and meet the diverse needs of its customer base.

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