Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2024 Financial Results [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
EMERYVILLE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the first quarter of fiscal 2024 ended March 30, 2024. Highlights for First Quarter Fiscal 2024 as compared to First Quarter Fiscal 2023: Net sales increased by 7.4% to $1.04 billion. Comparable store sales increased by 3.9%, driven by a 7.0% increase in the number of transactions, partially offset by a 2.9% decrease in average transaction size. The Company opened six new stores, ending the quarter with 474 stores in nine states. Gross margin decreased by 180 basis points to 29.3%. As previously disclosed, the Company experienced disruptions as a result of the implementation of new technology platforms in late August 2023. Such disruptions are estimated to have negatively impacted gross margin by 210 basis points in the first quarter. Selling, general and administrative expenses increased by 13.3% to $303.
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News
- Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Grocery Outlet Holding Corp. (GO)Business Wire
- Grocery Outlet Holding Corp. (GO) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Grocery Outlet Holding Corp. - GOPR Newswire
- Grocery Outlet Holding Corp. (GO) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- Grocery Outlet Holding Corp. (GO) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
GO
Earnings
- 5/7/24 - Miss
GO
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 4
- 5/13/24 - Form 4
- GO's page on the SEC website