Why Is Grocery Outlet (GO) Down 8.2% Since Last Earnings Report? [Yahoo! Finance]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Grocery Outlet due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Grocery Outlet's Q2 Earnings Beat, Comps Jump 2.9% Y/Y Grocery Outlet Holding Corp. came up with second-quarter 2024 results. Both the top and bottom lines surpassed the Zacks Consensus Estimate. While net sales improved, earnings declined from the year-ago period. Management did highlight that disruptions due to the implementation of new technology platforms hurt the gross margin in the quarter, but it anticipates no adverse impacts on operations in the second half of 2024. Q2 Insights Grocery Outlet's adjusted earnings of 25 cents a share beat the Zacks Consensus Estimate of 20 cents but declined from 32 cents delivered in the year-ago quarter. Net sales of $1,128.5
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News
- Cutting Expenses in Retirement: 6 Stores To Stop Buying From [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Down 46% From 52-Week High: Will GO Rebound From Here? [Yahoo! Finance]Yahoo! Finance
- 3 Stocks That Haven't Been This Cheap in More Than 5 Years [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Declines 37% YTD: Should You Hold or Sell the Stock? [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet launches private label program, GO Brands [Seeking Alpha]Seeking Alpha
GO
Earnings
- 8/6/24 - Beat
GO
Sec Filings
- 9/19/24 - Form 144
- 9/16/24 - Form 4
- 9/13/24 - Form 4
- GO's page on the SEC website