Key Details
Price
$21.25Annual ROE
6.82%Beta
0.63Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Nov 05, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
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Institutional Ownership
I maintain a sell rating for Grocery Outlet Holding stock due to persistent poor same-store sales and gross margin outlook. 3Q24 earnings show further SSS deceleration and worsening unit economics, with declining margins across the board. Despite a sharp valuation derating, significant uncertainties and competitive pressures suggest the stock will, at best, trade sideways.
GO reports Q3 2024 results with a 10.4% net sales increase, driven by solid comparable store sales performance and the addition of new store openings.
Grocery Outlet Holding Corp. (NASDAQ:GO ) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Christine Chen - Head of Investor Relations Eric Lindberg - Chairman of the Board and Interim President and Chief Executive Officer Lindsay Gray - Interim Chief Financial Officer and Senior Vice President, Accounting Conference Call Participants Operator Greetings, and welcome to Grocery Outlet's Fiscal Third Quarter 2024 Earnings Results Conference. At this time, all participants are in listen-only mode.
GO's opportunistic purchasing, targeted marketing, store expansion and e-commerce efforts are likely to have boosted its sales this quarter.
Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO
The system transition that has posed challenges for Grocery Outlet negatively impacts both operational efficiency and financial performance.
EMERYVILLE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the third quarter of fiscal 2024 will be released after the market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.
The system transition, which has posed challenges for GO, is negatively impacting its operational efficiency and financial performance.
The systems transition that has posed challenges for Grocery Outlet negatively impacting both operational efficiency and financial performance.
GO is working to enhance its market presence through a combination of diverse product assortments, targeted marketing and in-store initiatives.
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