Grocery Outlet Isn't the Growth Stock You May Think It Is [The Motley Fool]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: The Motley Fool
Grocery Outlet Isn't the Growth Stock You May Think It Is The deep discount supermarket chain talks a good story but faces significant roadblocks. Recent IPO Grocery Outlet ( NASDAQ:GO ) is a deep discount supermarket, which is typically not the kind of business you find in the same sentence as "growth stock." But this chain believes it can expand from its current base of 325 stores to as many as 4,800, which would definitely put it on an upward trajectory. Deep discounters Dollar General ( NYSE:DG ) and Dollar Tree ( NASDAQ:DLTR ) operate over 15,000 locations, and Walmart operates over 5,000 supermarkets across the U.S., which suggests that Grocery Outlet's long-term goal is reachable. But there are some very big hurdles in its path that should make investors question whether it's sustainable. It took Grocery Outlet 15 years to grow to its current size, but it plans to expand the number of stores by 10% annually. It believes it can grow to 400 stores in the six states where it cu
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News
- Grocery Outlet (GO) Benefits From Innovative Retail Strategy [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding Corp.'s (NASDAQ:GO) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong? [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet (GO) Completes Buyout of United Grocery Outlet [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet closes on acquisition of United Grocery Outlet [Seeking Alpha]Seeking Alpha
- Grocery Outlet Holding Corp. Closes Acquisition of United Grocery Outlet [Yahoo! Finance]Yahoo! Finance
GO
Earnings
- 2/27/24 - Beat
GO
Sec Filings
- 4/2/24 - Form 8-K
- 3/27/24 - Form 4
- 3/27/24 - Form 144
- GO's page on the SEC website