Grocery Outlet Holding Corp is a discount grocery retailer that specializes in providing customers with a wide range of products at reduced prices
The company operates a network of stores that offer a diverse selection of brand-name groceries, fresh produce, and household items, often sourced from surplus inventory and overstock. Grocery Outlet focuses on delivering value to its shoppers by featuring primarily off-brand and closeout products, allowing consumers to save money while still enjoying quality goods. Through its unique business model, the company aims to create an enjoyable shopping experience while maximizing savings for budget-conscious customers.
Shares of discount grocery store chain Grocery Outlet (NASDAQGO)
fell 29.3% in the afternoon session after the company reported weak fourth-quarter results: its EPS, EBITDA, and full-year guidance for both metrics missed. Revenue narrowly topped Wall Street estimates. However, gross margin contracted due to higher inventory shrinkage from system conversion issues.
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Discount grocery store chain Grocery Outlet (NASDAQGO) announced better-than-expected revenue in Q4 CY2024, with sales up 10.9% year on year to $1.10 billion. The company expects the full year’s revenue to be around $4.75 billion, close to analysts’ estimates. Its non-GAAP profit of $0.15 per share was 10.3% below analysts’ consensus estimates.
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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Sprouts (NASDAQSFM) and the best and worst performers in the non-discretionary retail industry.
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Discount grocery store chain Grocery Outlet (NASDAQGO) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 10.4% year on year to $1.11 billion. On the other hand, the company’s full-year revenue guidance of $4.35 billion at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.28 per share was 3.4% above analysts’ consensus estimates.
