Grocery Outlet expects 17% jump in Q1 same-store sales on coronavirus 'pantry loading' [MarketWatch]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: MarketWatch
Grocery Outlet Holding Corp. said late Monday it expects to see a 17% jump in its same-store sales in the first quarter, about four times as much as the growth it saw in the first quarter of 2019. April sales trends "have moderated" compared to the "pantry-loading in March," but Grocery Outlet said comparable-store sales trends for the first three fiscal weeks of April "were in the positive high-single digits in percentage terms." The company provided preliminary numbers for the period, also saying it expects net sales to increase 25% to $760 million, which would compare with $606 million in the first quarter of 2019 and includes sales from recently opened stores. The discount grocer said it expects its profit to be between $8.8 million and $9.9 million, compared with $3.8 million in the year-ago period. Shares of Grocery Outlet fell 2.4% in the extended session after ending the regular trading day 1.9%.
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News
- Grocery Outlet (NASDAQ:GO) had its "neutral" rating reaffirmed by analysts at DA Davidson. They now have a $15.00 price target on the stock.MarketBeat
- Grocery Outlet (NASDAQ:GO) was given a new $14.00 price target on by analysts at Morgan Stanley.MarketBeat
- Grocery Outlet (NASDAQ:GO) had its "outperform" rating reaffirmed by analysts at Telsey Advisory Group. They now have a $17.00 price target on the stock.MarketBeat
- Grocery Outlet to Present at Morgan Stanley Global Consumer & Retail Conference [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet to Present at Morgan Stanley Global Consumer & Retail ConferenceGlobeNewswire
GO
Earnings
- 11/4/25 - Beat
GO
Sec Filings
- 12/3/25 - Form 8-K
- 11/10/25 - Form 4
- 11/7/25 - Form 144
- GO's page on the SEC website