Grocery Outlet Holding Corp. (GO)
Market Cap | 1.63B |
Revenue (ttm) | 4.26B |
Net Income (ttm) | 51.26M |
Shares Out | 97.14M |
EPS (ttm) | 0.51 |
PE Ratio | 32.78 |
Forward PE | 18.94 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 2,177,833 |
Open | 16.52 |
Previous Close | 16.60 |
Day's Range | 16.45 - 17.29 |
52-Week Range | 13.60 - 29.19 |
Beta | 0.26 |
Analysts | Hold |
Price Target | 18.00 (+7.59%) |
Earnings Date | Nov 5, 2024 |
About GO
Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products. The company was founded in 1946 and is headquartered in Emeryville, California. [Read more]
Financial Performance
In 2023, Grocery Outlet Holding's revenue was $3.97 billion, an increase of 10.94% compared to the previous year's $3.58 billion. Earnings were $79.44 million, an increase of 22.11%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for GO stock is "Hold." The 12-month stock price forecast is $18.0, which is an increase of 7.59% from the latest price.
News
Grocery Outlet Holding Corp. Announces Appointment of New Chief Financial Officer
EMERYVILLE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), today announced the appointment of Christopher Miller as Executive ...
Grocery Outlet Holding: No Signs Of SSS And Gross Margin Improvement Anytime Soon
I maintain a sell rating for Grocery Outlet Holding stock due to persistent poor same-store sales and gross margin outlook. 3Q24 earnings show further SSS deceleration and worsening unit economics, wi...
Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results
Grocery Outlet Holding Corp GO reported upbeat earnings for its third quarter on Tuesday.
Grocery Outlet Holding Corp. (GO) Q2 2024 Earnings Call Transcript
Grocery Outlet Holding Corp. (NASDAQ:GO) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Christine Chen - Head of Investor Relations Eric Lindberg - Chairman of the ...
Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2024 Financial Results
Q3 fiscal 2024 net sal es increased 10.4% Q3 fiscal 2024 comparable store sa les grew 1.2%, driven by a 2.0% increase in transactions Company updates key guidance for fiscal 2024
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Grocery Outlet Holding Corp. Announces CEO Transition
Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO
Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call Date
EMERYVILLE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the third quarter of fiscal 2024 will ...
Grocery Outlet Launches Private Label Program, GO Brands
EMERYVILLE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), a high-growth, extreme value retailer of quality, name-brand consu...
Grocery Outlet Holding: Poor SSS Growth Outlook For The Near Term
I have a negative outlook due to poor SSS growth and increased competition. 2Q24 earnings showed SSS growth slowing down, with management expecting further deceleration in 3Q24. Competitive environmen...
Grocery Outlet Holding Corp. Releases Second Annual Impact Report
Touching Lives for The Better By Providing Access to Affordable Food, Giving Back to Local Communities, and Improving Operational Efficiencies Touching Lives for The Better By Providing Access to Affo...
Grocery Outlet: Q2, Profitability Has Started Normalizing
Grocery Outlet's Q2 showed comparable sales growth well above slowing food inflation and competitors' reported comparable sales growth levels. The company's margins are finally looking to normalize af...
Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2024 Financial Results
Q2 fiscal 2024 net sales increased 11.7% Q2 fiscal 2024 comparable store sales grew 2.9% , driven by a 5.1% increase in transactions Company updates key guidance for fiscal 2024
Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2024 Earnings Release and Conference Call Date
EMERYVILLE, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the second quarter of fiscal 2024 will...
Grocery Outlet Announces Fourteenth Annual Independence from Hunger Campaign
Annual Food Drive Effort Encourages Contributions Via In-store Incentives and Online Donation Opportunities to Combat National Food Insecurity Annual Food Drive Effort Encourages Contributions Via In-...
Unveiling the HPC Future with xFusion at ISC 2024
HAMBURG, Germany--(BUSINESS WIRE)--xFusion Digital Technologies Co., Ltd. (xFusion) dazzled attendees with its top-of-the-range computing products and solutions at the prestigious ISC High Performance...
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Grocery Outlet Holding Corp. (GO) Q1 2024 Earnings Call Transcript
Grocery Outlet Holding Corp. (NASDAQ:GO) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Christine Chen - Head of IR RJ Sheedy - President and CEO Lindsay Gray - Interim ...
Grocery Outlet's technical issues are piling up for its stock
Shares of Grocery Outlet Holding Corp. tumbled after hours on Tuesday after the bargain grocery chain cut its full-year profit outlook — saying glitches related to a technological upgrade hit its bott...
Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2024 Financial Results
Q1 fiscal 2024 net sales increased 7.4% Q1 fiscal 2024 comparable store sales grew 3.9% , driven by a 7.0% increase in transactions Company updates key guidance for fiscal 2024
Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2024 Earnings Release and Conference Call Date
EMERYVILLE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the first quarter of fiscal 2024 will...
Grocery Outlet Holding Corp. Closes Acquisition of United Grocery Outlet
Acquisition Expands Company's Presence into New Adjacent Markets in the Southeast Acquisition Expands Company's Presence into New Adjacent Markets in the Southeast
Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2023 Financial Results
Q4 fiscal 2023 net sales increased 6.3% Q4 fiscal 2023 comparable store sale s grew 2.7% driven by a 7.5% increase in transactions Company provides outlook for fiscal 2024 including impact of United G...
Grocery Outlet to acquire United Grocery Outlet for $62 million
Grocery Outlet Holding GO plans to acquire Southern value grocer United Grocery Outlet for $62 million.
Grocery Outlet Holding Corp. To Acquire United Grocery Outlet
Acquisition Will Expand Company's Footprint into New Adjacent Markets in the Southeast Acquisition Will Expand Company's Footprint into New Adjacent Markets in the Southeast