Grocery Outlet's Debut Earnings Report Is a Hit [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's Debut Earnings Report Is a Hit The deep-discount supermarket chain, a recent IPO, has lofty expansion goals. Deep-discount supermarket chain Grocery Outlet ( NASDAQ:GO ) issued its first earnings report as a publicly traded company last week, and the results were exceptional. Sales jumped 12% to $645 million on a near 6% increase in comparable-store sales, leading to adjusted earnings growth of 12% to $14.5 million. With this report coming on the heels of a successful IPO that was followed by significant market support, shares of the grocer have more than doubled in value from their $22 offering price. Grocery Outlet seems well on its way toward achieving its expansion goals. After opening eight new stores and closing one in the quarter, the supermarket chain now has 330 locations in six states. Its goal is to operate as many as 4,800 stores, an ambitious plan that will take years. Along the way, though, Grocery Outlet has an opportunity to grab a good piece of the g
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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