Grocery Outlet Holding: Very Negative On This UGO Acquisition In The Near Term [Seeking Alpha]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
Check Earnings Report
Company Research
Source: Seeking Alpha
Negative view on the UGO acquisition, citing overpayment and doubts about synergies and operational capabilities. High chance of missing FY24 guidance due to operational uncertainties and integration of UGO, as well as other ongoing challenges. Investment overview I give a sell rating for Grocery Outlet Holding Corp. ( NASDAQ: GO ) as I foresee many operational challenges ahead in FY24 due to the acquisition of UGO and management's intention to open 15-20 stores in its existing markets. Altogether, GO will have to manage as many as 60 new stores in a single year, a feat that it has never done before. Moreover, 40 of the stores require more focus because there is likely a need to revamp the stores (these are not GO's stores anyway) in order to improve sales (which is half of what GO's existing stores are producing today). As such, I think the operational hurdles are high, and this could lead to a miss in FY24 guidance. Business description GO operates as an extreme value ret
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
- 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
- Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2024 Earnings Release and Conference Call DateGlobeNewswire
- 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
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