Shares of Grocery Outlet Holding Corp. (GO) advanced 4.7% during the after-market trading session on yesterday following third-quarter 2024 results. Both top and bottom lines surpassed the Zacks Consensus Estimate. While net sales improved, earnings declined from the year-ago period. The company’s net sales growth in the third quarter highlights the strong positioning of its consumer offering, with value continuing to resonate in the market and driving growth in consumer non-discretionary spending share.GO’ ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of $0.20 per share when it actually produced earnings of $0.25, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading SymbolName of each exchange on which registered Common stock, par value $0.001 per share GO Nasdaq Global Select Market FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date Earliest Event reported): October 30, 2024 (October 29, 2024) Grocery Outlet Holding Corp. (Exact name of registrant as specified in its charter) Delaware 001-38950 47-1874201 ( ...

Q3 fiscal 2024 net sales increased 10.4%Q3 fiscal 2024 comparable store sales grew 1.2%, driven by a 2.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the third quarter of fiscal 2024 ended September 28, 2024. Highlights for Third Quarter Fiscal 2024 as compared to Third Quarter Fiscal 2023: Net sales increased by 10 ...

As Grocery Outlet Holding Corp. (GO) prepares to announce its third-quarter fiscal 2024 earnings results on Nov. 5 after market close, investors are closely watching to see how the company has performed amid challenges and growth opportunities in the competitive grocery sector.The Zacks Consensus Estimate for revenues is pegged at $1.1 billion, suggesting a solid 10% improvement over the prior-year period’s actual. However, the company’s bottom line is expected to face pressure. The Zacks Consensus Estimate ...

Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO Company provides certain preliminary Q3 2024 results and update to full year 2024 guidance EMERYVILLE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced that Eric Lindberg, current Chairman of the Board, has been appointed Interim President and CEO, effective immediately. Lindberg replaces RJ Sheedy, who has stepped ...

Grocery Outlet Holding Corp. (GO) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 15.29, which is notably lower than the industry’s average of 18.69 and the S&P 500’s ratio of 22.22. At a first glance, this discount may suggest that GO is undervalued, potentially offering investors a chance to buy at a bargain. A lower P/E ratio often signals that a stock may be priced attractively relative to its earnings potential, which can be appealing to value-focused investors.Image Source: ...

Core Viewpoint - Grocery Outlet Holding Corp. is set to release its financial results for Q3 of fiscal 2024 on November 5, 2024, after market close, indicating ongoing transparency and engagement with investors [1]. Group 1: Financial Results Announcement - The financial results for the third quarter of fiscal 2024 will be released after market close on November 5, 2024 [1]. - A conference call to discuss the results will be held at 4:30 PM ET (1:30 PM PT) on the same day [1]. - Investors and analysts can join the call by dialing (877) 407-9208 approximately 10 minutes prior to the start [1]. Group 2: Access to Conference Call - A live audio webcast of the conference call will be available online [1]. - A taped replay of the conference call will be accessible within two hours after the call concludes, available for approximately two weeks [1]. Group 3: Company Overview - Grocery Outlet is a high-growth, extreme value retailer based in Emeryville, California, specializing in quality, name-brand consumables and fresh products [2]. - The company operates more than 520 stores across various states, including California, Delaware, Idaho, Maryland, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, and Washington [2]. - Additionally, Grocery Outlet includes United Grocery Outlet stores, which are located in states such as Alabama, Georgia, Kentucky, North Carolina, Tennessee, and Virginia [2].

Grocery Outlet Holding Corp. (GO) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. GO has been trading below both the 200-day and 50-day simple moving averages (SMA) for quite some time now, suggesting a bearish trend. 30.00 25.00 SMA (200): 23.2286 20.00 SMA (50): 18.2226 GO: 17.55 15.00 Volume · GO: 2 435 788 Monday, Sep 30, 2024 Jul '24 Aug 24 Nov '23 Jun '24 Image Source: Zacks Investment Research Closing at $17.55 yesterday, GO remains below its ...

Grocery Outlet Holding Corp. (GO) has experienced a pullback in its share performance losing nearly half of its value and falling far below its 52-week high of $30.33, touched in last September. Currently trading at $16.27, the stock has seen a 46.4% drop from its peak. Over the past three months, Grocery Outlet shares have plunged 21.2%, underperforming the broader industry, which has risen 9.4% and the S&P 500, which posted a 2.7% return during the same period. The recent decline in share performance is a ...