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Stock impact report

Why Grocery Outlet Stock Crashed Today [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
Shares of Grocery Outlet (NASDAQ: GO) plunged on Thursday after the discount grocery chain's quarterly results fell short of investors' expectations. By the close of trading, Grocery Outlet's stock price was down more than 27%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Cash-strapped consumers are trying to reduce their expenses. Image source: Getty Images. Sluggish sales Grocery Outlet's net sales rose by 10.7% year over year to $1.22 billion in its fiscal 2025 fourth quarter, which ended on Jan. 3. However, much of the gains were due to an additional week of sales during the quarter compared to the year-ago period. Comparable store sales decreased by 0.8% on a 13-week basis. "Consumer pressure intensified, federally funded benefits were delayed, and competition grew more promotional," CEO Jason Show less Read more
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