Grocery Outlet Holding Corp. (GO)

NASDAQ: GO · Real-Time Price · USD
18.44
-0.19 (-1.02%)
At close: Nov 20, 2024, 4:00 PM
18.49
+0.05 (0.27%)
After-hours: Nov 20, 2024, 4:50 PM EST
-1.02%
Market Cap 1.79B
Revenue (ttm) 4.26B
Net Income (ttm) 51.26M
Shares Out 97.14M
EPS (ttm) 0.51
PE Ratio 36.13
Forward PE 20.84
Dividend n/a
Ex-Dividend Date n/a
Volume 1,585,811
Open 18.29
Previous Close 18.63
Day's Range 18.09 - 18.53
52-Week Range 13.60 - 29.80
Beta 0.13
Analysts Hold
Price Target 18.00 (-2.39%)
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]

Industry Grocery Stores
IPO Date Jun 20, 2019
Employees 997
Stock Exchange NASDAQ
Ticker Symbol GO
Full Company Profile

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 Statements

Analyst Forecast

According to 11 analysts, the average rating for GO stock is "Hold." The 12-month stock price forecast is $18.0, which is a decrease of -2.39% from the latest price.

Price Target
$18.0
(-2.39% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

14 days ago - Seeking Alpha

Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results

Grocery Outlet Holding Corp GO reported upbeat earnings for its third quarter on Tuesday.

14 days ago - Benzinga

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 ...

15 days ago - Seeking Alpha

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

15 days ago - GlobeNewsWire

Top 3 Defensive Stocks You'll Regret Missing In October

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

Other symbols: REYNVNT
20 days ago - Benzinga

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

22 days ago - GlobeNewsWire

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 ...

4 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

3 months ago - Seeking Alpha

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...

3 months ago - GlobeNewsWire

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...

3 months ago - Seeking Alpha

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

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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-...

5 months ago - GlobeNewsWire

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...

Other symbols: PBA
6 months ago - Business Wire

Top 2 Risk Off Stocks You'll Regret Missing This Quarter - Grocery Outlet Holding (NASDAQ:GO)

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

Other symbols: AGRI
6 months ago - Benzinga

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 ...

7 months ago - Seeking Alpha

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...

7 months ago - Market Watch

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

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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

8 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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.

9 months ago - Market Watch

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

9 months ago - GlobeNewsWire

Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call Date

Grocery Outlet Holding Corp. announced that its financial results for the fourth quarter and full fiscal 2023 year will be released Tues, Feb 27, 2024.

10 months ago - GlobeNewsWire