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Stock impact report

Grocery Outlet Beats on Q3 Earnings, Trims Comparable Sales Outlook [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
Meanwhile, earnings surpassed the Zacks Consensus Estimate but declined from the same period last year. Comparable-store sales grew year over year but fell short of management's expectations. The slowdown in the latter part of the quarter stemmed from changes in the promotional strategy and marketing execution that failed to generate desired results. Shares of Grocery Outlet fell 10% in the after-hours trading session yesterday. GO's Quarterly Performance: Key Insights Grocery Outlet's adjusted earnings of 21 cents a share beat the Zacks Consensus Estimate of 19 cents but fell from 28 cents reported in the year-ago quarter. Net sales of $1,168.2 million fell short of the Zacks Consensus Estimate of $1,182 million. However, the top line grew 5.4% year over year, driven by contributions from store openings and a modest uptick in comparable-store sales. Comparable-store sales increased 1.2%, supported by a 1.8% rise in the number of transactions, partially offset by a 0.6% decr Show less Read more
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