Grocery Outlet (GO) Completes Buyout of United Grocery Outlet [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
This strategic move is part of GO's expansion strategy, broadening its geographic reach beyond its traditional base. The acquisition, initially announced a while ago, has now come to an end, signifying an important step forward for the company in its efforts to grow and capture new markets. United Grocery Outlet, under the umbrella of Gen Cap America, Inc. and managed by both current and former UGO executives, operates a network of 40 stores, as well as a distribution center across six states — Tennessee, North Carolina, Georgia, Alabama, Kentucky and Virginia. This acquisition not only increases Grocery Outlet's store count but also marks its entrance into the Southeastern market, an area previously untapped by the company. RJ Sheedy, the president and CEO of GO, expressed enthusiasm about the completion of the transaction. Highlighting the successful track record of UGO's stores, Sheedy pointed out the immediate scale and potential for future growth that the acquisition brings t
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GO
Earnings
- 2/27/24 - Beat
GO
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- GO's page on the SEC website