Profile
Sector:
Consumer DefensiveIndustry:
Grocery StoresCountry:
United StatesIPO:
20 June 2019Website:
http://www.groceryoutlet.comNext earnings report:
27 February 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | 5 min agoDividend
Analysts recommendations
Institutional Ownership
Included in screeners
GO Latest News
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.
What type of business is Grocery Outlet Holding?
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible purchasing model allows them to offer high-quality products from well-known brands at prices that are typically 40-70% lower than regular retail sellers. The stores are operated by independent entrepreneurs who create a neighborhood atmosphere through personalized customer service and localized product offerings. Grocery Outlet Holding Corp. was founded in 1946 and is headquartered in Emeryville, California.
What sector is Grocery Outlet Holding in?
Grocery Outlet Holding is in the Consumer Defensive sector
What industry is Grocery Outlet Holding in?
Grocery Outlet Holding is in the Grocery Stores industry
What country is Grocery Outlet Holding from?
Grocery Outlet Holding is headquartered in United States
When did Grocery Outlet Holding go public?
Grocery Outlet Holding initial public offering (IPO) was on 20 June 2019
What is Grocery Outlet Holding website?
https://www.groceryoutlet.com
Is Grocery Outlet Holding in the S&P 500?
No, Grocery Outlet Holding is not included in the S&P 500 index
Is Grocery Outlet Holding in the NASDAQ 100?
No, Grocery Outlet Holding is not included in the NASDAQ 100 index
Is Grocery Outlet Holding in the Dow Jones?
No, Grocery Outlet Holding is not included in the Dow Jones index
When was Grocery Outlet Holding the previous earnings report?
No data
When does Grocery Outlet Holding earnings report?
The next expected earnings date for Grocery Outlet Holding is 27 February 2025