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Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.27 per share a year ago.
Shares of Grocery Outlet Holding Corp. tumbled after hours on Tuesday after the bargain grocery chain cut its full-year profit outlook — saying glitches related to a technological upgrade hit its bottom line harder than expected.
Grocery Outlet's (GO) first-quarter results are likely to reflect marketing efforts, store-growth endeavors and e-commerce initiatives to deepen the customer reach.
Grocery Outlet (GO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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EMERYVILLE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the first quarter of fiscal 2024 will be released after the market close on Tuesday, May 7, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.
Grocery Outlet (GO) establishes its unique position by developing an innovative business model designed to meet the evolving needs of consumers and adapt to changing economic conditions.
Tap four stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Star Peak Corp II (BHIL), Grocery Outlet (GO), CuriosityStream (CURI), Portillo's Inc. (PTLO) and Grab (GRAB).
Molson Coors (TAP), Post Holdings (POST) and Grocery Outlet (GO) are three stocks that you can look into as rate cuts continue to get delayed.
The strategic acquisition is a testament to Grocery Outlet's (GO) commitment to expanding its reach and reinforcing its position as a leading discount grocery retailer in the United States.