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Stock impact report

Grocery Outlet stock rallies after first post-IPO quarterly results [MarketWatch]

Grocery Outlet Holding Corp. (GO)  More Company Research Source: MarketWatch
Last grocery outlet holding corp. earnings: 8/13 04:05 pm Check Earnings Report
PDF Grocery Outlet stock rallies after first post-IPO quarterly results Shares of Grocery Outlet Holding Corp. GO, +0.16% rose more than 14% in the extended session Tuesday after the company beat quarterly adjusted earnings and sales expectations. Grocery Outlet said it lost $10.6 million, or 15 cents a share, in the quarter, versus earnings of $7.3 million, or 11 cents a share, in the second quarter of fiscal 2018. Adjusted for one-time items, the company earned $14.5 million, or 20 cents a share, compared with $12.9 million, or 19 cents a share, a year ago. Sales rose by 12% to $645.3 million from $575.1 million in the second quarter of fiscal 2018. Analysts polled by FactSet had expected adjusted earnings of 13 cents a share on sales of $627 million. Comparable-store sales rose by 6%, the company said. Grocery Outlet had its initial public offering in June at $22 a share. The company said it expects sales between $2.50 billion and $2.53 billion in the full-year 2019, and adjusted EP [Read more]
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