Grocery Outlet to refocus on value to right the ship [Yahoo! Finance]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
Check Earnings Report
Company Research
Source: Yahoo! Finance
Lindberg, who is stepping in as interim president and CEO, said in the earnings call that system upgrades for the retailer that began in August 2023 led to significant troubles for the Grocery Outlet, “including poor data visibility, slow system speeds, and a loss of tools and functionality.” “These issues hurt our buyers' ability to write purchase orders efficiently, our inventory planning and supply chain teams' ability to accurately manage inventory, and our operators' ability to see real-time inventory in their order guide to bring product into their stores. The impact on the business has been significant,” Lindberg said. Lindberg said Grocery Outlet “missed the mark” earlier in 2024 due to “a combination of pricing we took to reestablish healthy margins that coincided with competitive pricings that picked up.” Grocery Outlet reported that in the third quarter net sales increased 10.4% to $1.11 billion, but comparable store sales grew a mere 1.2%, which was driven by a 2% i
Show less
Read more
Impact Snapshot
Event Time:
GO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GO alerts
High impacting Grocery Outlet Holding Corp. news events
Weekly update
A roundup of the hottest topics
GO
News
- Grocery Outlet not moving forward with one of its planned Dayton-area locations [Yahoo! Finance]Yahoo! Finance
- Levi & Korsinsky Announces an Investigation on Behalf of Grocery Outlet Holding Corp. (GO) Shareholders Who May Have Been Affected by FraudAccesswire
- GO STOCK ALERT: Levi & Korsinsky Notifies Grocery Outlet Holding Corp. Investors of an Ongoing InvestigationAccesswire
- Grocery Outlet names new CFO [Yahoo! Finance]Yahoo! Finance
- Levi & Korsinsky Announces an Investigation on Behalf of Grocery Outlet Holding Corp. (GO) Shareholders Who May Have Been Affected by FraudAccesswire
GO
Earnings
- 11/5/24 - Beat
GO
Sec Filings
- 12/18/24 - Form 8-K
- 12/4/24 - Form 4
- 11/18/24 - Form 4
- GO's page on the SEC website