Grocery Outlet talks private label launch, next steps for discounter acquisition [Yahoo! Finance]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
Check Earnings Report
Company Research
Source: Yahoo! Finance
The company's comparable store sales were up 2.7% during the period compared with the same quarter last year. The discount grocer is planning to launch a new private label program starting in the second half of this year, Grocery Outlet President and CEO RJ Sheedy told investors. Grocery Outlet executives told investors its purchase of discount chain United Grocery Outlet (UGO) provides a “great entry point” into the Southeast as part of its larger store fleet expansion goals. Dive Insight: Grocery Outlet said that a 7.5% increase in the number of transactions drove its growth comp sales, which was partially offset by a 4.5% decrease in average transaction size. Disruptions from the implementation of new technology negatively impacted comp sales by approximately 200 basis points and gross margin by 130 basis points in Q4, with Sheedy telling investors that the system's implementation issues should be resolved “soon.” “While food inflation has been moderating, consumers still
Show less
Read more
Impact Snapshot
Event Time:
GO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GO alerts
High impacting Grocery Outlet Holding Corp. news events
Weekly update
A roundup of the hottest topics
GO
News
- Will Grocery Outlet (GO) Beat Estimates Again in Its Next Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Why Grocery Outlet Holding Corp. (GO) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- 5 Consumer Staples Stocks to Buy as Inflation Remains High [Yahoo! Finance]Yahoo! Finance
- 15 Most Affordable Grocery Stores In the US [Yahoo! Finance]Yahoo! Finance
- Axiom Cloud Successfully Completes SOC 2 Type II Audit, Reinforcing Commitment to Security and Customer Trust [Yahoo! Finance]Yahoo! Finance
GO
Earnings
- 2/27/24 - Beat
GO
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- GO's page on the SEC website