The Friday Checkout: Are Grocery Outlet's tech woes a cautionary tale? [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
Eight months after undergoing a digital systems transition, Grocery Outlet is still reeling financially from issues that arose from the tech switch. “We are all frustrated by the size and duration of this disruption,” Grocery Outlet President and CEO RJ Sheedy told investors Tuesday. “It has been costly and our recent execution is well below our expectations. But this disruption is also temporary and we are on the right path forward.” Rewind to August: Sheedy had told investors that the system changes would give the company easier access to information, better decision-making around inventory and managing assortment, and tools for its independent operators to run stores more efficiently. So far, the opposite has happened, with the discounter's interim CFO and senior vice president of accounting Lindsay Gray telling investors Tuesday that financial forecasting has been “difficult” for the company due to the tech transition and compounding issues with data integration woes. Wha
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News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Grocery Outlet Holding Corp. - GOGlobeNewswire
- Grocery Outlet Holding Corp. (GO) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- Awards highlight local businesses and leaders [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding Corp. (GO) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Grocery Outlet Holding Corp. (GO)Business Wire
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