Grocery Outlet Holding Corp. (GO) has been struggling in 2024, with its stock price declining 37.1% year to date (YTD). This contrasts significantly to the broader industry and the S&P 500 index, both of which have risen 4.3% and 14.5%, respectively. The implementation of new technology platforms negatively impacted the company's gross margin in the second quarter of 2024. However, management expressed optimism for the rest of the year, noting that the company does not expect any further adverse effect on i ...

It has been about a month since the last earnings report for Grocery Outlet Holding Corp. (GO) . Shares have lost about 8.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Grocery Outlet due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Grocery Outlet's Q2 Earning ...

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. GO Brands will feature products across three brands: SimplyGO, GO Home & Haven, and GO Paw & Pamper. The products will roll out across Grocery Outlet stores beginning this month, with 100 new private labe ...

Images By Tang Ming Tung Investment overview I wrote about Grocery Outlet Holding (NASDAQ:GO) previously (29 May 2024) with a sell rating as I was very uncertain about how same-store-sales [SSS] performance was going to be and that the business may miss FY24 guidance. Fast-forward to today, and the share price has gone down as I had expected. I continue to be negative about GO, as I expect SSS growth to be poor in the near term, given that the trade-down motion is over and the industry is getting more compe ...

Adene Sanchez/E+ via Getty Images Grocery Outlet Holding Corp. (NASDAQ:GO) reported the company's Q2 results on the 6th of August in post-market hours, showing surprisingly good financials. The company continues on its expansion path with the quite recent acquisition of United Grocery Outlet, with weakening margins casting a shadow on the company. Previously, I wrote an article on the company on the 31st of October in 2023, titled "Grocery Outlet: Low-Risk Growth Through Intriguing Strategy". In the article ...

Shares of Grocery Outlet Holding Corp. (GO) advanced 11.9% during the after-market trading session on Aug 6 following second-quarter 2024 results. Both the top and bottom lines surpassed the Zacks Consensus Estimate. While net sales improved, earnings declined from the year-ago period. Management did highlight that disruptions due to the implementation of new technology platforms hurt the gross margin in the quarter, but it anticipates no adverse impacts on operations in the second half of 2024. Q2 Insights ...

Grocery Outlet Holding Corp. (NASDAQ:GO) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Christine Chen - Head of Investor Relations RJ Sheedy - President and Chief Executive Officer Lindsay Gray - Interim Chief Financial Officer and Senior Vice President, Accounting Conference Call Participants Krisztina Katai - Deutsche Bank Oliver Chen - TD Cowen Robert Ohmes - Bank of America Corey Tarlowe - Jefferies Joseph Feldman - Telsey Advisory John Heinbockel - Guggenheim Mark Card ...

Grocery Outlet Holding Corp. (GO) reported $1.13 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 11.7%. EPS of $0.25 for the same period compares to $0.32 a year ago. The reported revenue represents a surprise of +1.75% over the Zacks Consensus Estimate of $1.11 billion. With the consensus EPS estimate being $0.20, the EPS surprise was +25.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectatio ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of $0.18 per share when it actually produced earnings of $0.09, ...

Exhibit 99.1 __________________________________ Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2024 Financial Results 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 Emeryville, CA – August 6, 2024 – Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the second quarter of fiscal 2024 ended June 29, 2024 ...