GO Stock Recent News

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.

Grocery Outlet (GO) reported earnings 30 days ago. What's next for the stock?

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.

I have a negative outlook due to poor SSS growth and increased competition. 2Q24 earnings showed SSS growth slowing down, with management expecting further deceleration in 3Q24. Competitive environment driving down margins, with GO stuck between protecting SSS growth or margins.

Touching Lives for The Better By Providing Access to Affordable Food, Giving Back to Local Communities, and Improving Operational Efficiencies Touching Lives for The Better By Providing Access to Affordable Food, Giving Back to Local Communities, and Improving Operational Efficiencies

Grocery Outlet's Q2 showed comparable sales growth well above slowing food inflation and competitors' reported comparable sales growth levels. The company's margins are finally looking to normalize after recent quarters have shown extensive temporary technology implementation costs. The company's aggressive expansion continues, including the quite recent acquisition of United Grocery Outlet.

Grocery Outlet's (GO) second-quarter results reflect a comparable store sales increase of 2.9%. Management anticipates comparable store sales growth of 3.5% for 2024.

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 Carden - UBS Anthony Bonadio - Wells Fargo Simeon Gutman - Morgan Stanley Michael Baker - D.A. Davidson Jeremy Hamblin - Craig-Hallum Operator Greetings and welcome to Grocery Outlet Fiscal Second Quarter 2024 Earnings Conference Call.