Business & TechBig Box Store, Charter School Delay Redevelopment Plans At MD MallPlans to redevelop a department store and open a charter school have both stalled. The Annapolis Mall is determining its next moves.JCPenney delayed its closure and announced negotiations toward a long-term lease at the Annapolis Mall. Before that shift, Realtors had proposed redeveloping the department store into a Grocery Outlet, a Hobby Lobby and a Onelife Fitness. (Jacob Baumgart/Patch)Editor's Note: This is the second stor ...

Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Grocery Outlet Holding Corp. related to misrepresentation of the company's operational transition [1][2] Group 1: Legal Investigation - A federal securities lawsuit alleges that insiders at Grocery Outlet misrepresented or failed to disclose critical information regarding the company's transition to new systems [2] - The lawsuit highlights that Grocery Outlet may not have been adequately prepared to execute the transition effectively, leading to potential setbacks in profitability due to delays and implementation issues [2] Group 2: Shareholder Action - Shareholders who purchased Grocery Outlet stock prior to November 7, 2023, are encouraged to contact Kuehn Law to explore their rights and potential claims [3] - Kuehn Law offers to cover all case costs for investor clients, emphasizing the importance of timely action for shareholders [3]

Grocery Outlet Holding Corp. (GO) reported first-quarter 2025 results, wherein the top line was slightly short of the Zacks Consensus Estimate but increased year over year. Meanwhile, earnings surpassed the Zacks Consensus Estimate and improved from the same period last year.Grocery Outlet's first-quarter results highlight solid performance, with comparable store sales and gross margins coming in slightly ahead of expectations, driven by increased store traffic and improved inventory management. The company ...

EMERYVILLE, Calif. and SEATTLE, May 7, 2025 /PRNewswire/ -- iFoodDS, a leading provider of food traceability software, today announced Grocery Outlet (NASDAQ: GO), a leading extreme-value grocery retailer, will implement its traceability software for FSMA 204 compliance. Grocery Outlet Logo Grocery Outlet Logo The Food Traceability Final Rule, FSMA 204, establishes traceability recordkeeping requirements for businesses that manufacture, process, pack, or hold certain foods to facilitate faster identificatio ...

Here is how Grocery Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for Grocery Outlet here>>> Shares of Grocery Outlet have returned +17.8% over the past month versus the Zacks S&P 500 composite's +11.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Grocery Outlet Holding Corp. (GO) reported $1.13 billion ...

Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 85.71%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of $0.17 per share when it actually produced earnings of $0.15 ...

Grocery Outlet (GO) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Christine Chen - VP & Head of Investor RelationsJason Potter - President and Chief Executive OfficerChris Miller - CFOCorey Tarlowe - SVP - Equity ResearchTom Nass - VP - Equity ResearchJoseph Feldman - Senior MD & Assistant Director - ResearchAnthony Chukumba - Managing DirectorSimeon Gutman - Managing Director Conference Call Participants Anthony Bonadio - AnalystRobbie Ohmes - AnalystMatthew Rothway - AnalystJohn Hein ...

Grocery Outlet (GO) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome to Grocery Outlet's call to discuss financial results for the first quarter ended 03/28/2025. Speaking from management on today's call will be Jason Potter, president and chief executive officer and Chris Miller, chief financial officer. Following prepared remarks from Jason and Chris, we will open the call for questions. Please note that this conference call is being webcast live and a recording will be ...

Exhibit 99.1 Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2025 Financial Results Emeryville, CA – May 6, 2025 – Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the first quarter of fiscal 2025 ended March 29, 2025. Highlights for First Quarter Fiscal 2025 as compared to First Quarter Fiscal 2024: "We delivered solid first quarter results, with comp-store sales and gross margins slightly ahead of our outlook, driv ...

EMERYVILLE, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the first quarter of fiscal 2025 ended March 29, 2025. Adjusted net income, diluted adjusted earnings per share and adjusted EBITDA are non-GAAP financial measures, which exclude the impact of certain special items. Please note that our non-GAAP financial (1) measures should be considered as a supplement to, and not as a substit ...