Grocery Outlet Holding Corporation (GO)

NASDAQ: GO · IEX Real-Time Price · USD
30.65
+0.08 (0.26%)
At close: Dec 2, 2022 4:00 PM
31.78
+1.13 (3.69%)
After-hours: Dec 2, 2022 5:29 PM EST
0.26%
Market Cap 2.97B
Revenue (ttm) 3.43B
Net Income (ttm) 55.80M
Shares Out 97.06M
EPS (ttm) 0.56
PE Ratio 54.73
Forward PE 23.98
Dividend n/a
Ex-Dividend Date n/a
Volume 686,196
Open 30.65
Previous Close 30.57
Day's Range 30.08 - 30.72
52-Week Range 23.69 - 46.37
Beta -0.04
Analysts Buy
Price Target 40.29 (+31.5%)
Earnings Date Nov 8, 2022

About GO

Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of November 8, 2022, it had 430 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, New Jersey, and Maryland. The company was founded in 1946 and is headquartered in Emeryville, Cal... [Read more]

Industry Food & Staples Retailing
IPO Date Jun 20, 2019
CEO Eric J. Lindberg Jr.
Employees 803
Stock Exchange NASDAQ
Ticker Symbol GO
Full Company Profile

Financial Performance

In 2021, GO's revenue was $3.08 billion, a decrease of -1.76% compared to the previous year's $3.13 billion. Earnings were $62.31 million, a decrease of -41.61%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for GO stock is "Buy." The 12-month stock price forecast is 40.29, which is an increase of 31.45% from the latest price.

Price Target
$40.29
(31.45% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Grocery Outlet Holding Is Down More Than 10% This Afternoon

A management shakeup is prompting investors to look past another solid quarterly earnings report.

3 weeks ago - The Motley Fool

Uber and Grocery Outlet Expand On-Demand Grocery Delivery Nationally

National expansion includes 386 Grocery Outlet locations across seven states SAN FRANCISCO , Nov. 9, 2022 /PRNewswire/ -- Today Uber Technologies, Inc. (NYSE: UBER) and Grocery Outlet Holding Corp (NASD...

Other symbols: UBER
3 weeks ago - PRNewsWire

Grocery Outlet (GO) Beats Q3 Earnings, Raises FY22 View

Grocery Outlet's (GO) third-quarter results reflect a comparable store sales increase of 15.4%. Management anticipates 2022 comparable store sales growth of 11%.

3 weeks ago - Zacks Investment Research

Grocery Outlet Holding Corp. (GO) Q3 Earnings and Revenues Surpass Estimates

Grocery Outlet Holding Corp. (GO) delivered earnings and revenue surprises of 8% and 4.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Grocery Outlet tops earnings estimates, names new CEO

Shares of Grocery Outlet Holding Corp. slid nearly 4% in the extended session Tuesday after the discount grocery reported quarterly earnings above Wall Street estimates and said that it will have a new ...

3 weeks ago - Market Watch

Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2022 Financial Results

Raises Fiscal Year 2022 Net Sales and Earnings Guidance Raises Fiscal Year 2022 Net Sales and Earnings Guidance

3 weeks ago - GlobeNewsWire

Grocery Outlet Holding Corp. Announces CEO Transition

CEO Eric Lindberg will transition to role of Chairman of the Board; Current President RJ Sheedy to become President & Chief Executive Officer CEO Eric Lindberg will transition to role of Chairman of the...

3 weeks ago - GlobeNewsWire

Grocery Outlet (GO) Lined Up for Q3 Earnings: What's in Store?

Grocery Outlet's (GO) third-quarter results are likely to reflect marketing efforts, store-growth endeavors and e-commerce initiatives to deepen the customer reach.

3 weeks ago - Zacks Investment Research

Grocery Outlet Holding Corp. (GO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Grocery Outlet Holding Corp. (GO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2022 Earnings Release and Conference Call Date

EMERYVILLE, Calif., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the third quarter of fiscal 2022 will be...

1 month ago - GlobeNewsWire

Grocery Outlet (GO) Rides High on Strategies: Apt to Hold

Grocery Outlet's (GO) store-growth endeavors and product offerings are encouraging. GO's flexible sourcing and distribution business model also bodes well.

1 month ago - Zacks Investment Research

Here's Why You Should Hold Onto Grocery Outlet (GO) Stock

Grocery Outlet's (GO) store-growth endeavors and product offerings are encouraging. The company's flexible sourcing and distribution business model is also noteworthy.

2 months ago - Zacks Investment Research

4 Consumer Products Stocks to Watch Amid Industry Hurdles

The Zacks Consumer Products - Staples industry players are bearing the brunt of cost input inflation. However, solid online sales and saving efforts keep Chewy (CHWY), Albertsons Companies (ACI), Grocer...

Other symbols: ACICHWYOLLI
2 months ago - Zacks Investment Research

Grocery Outlet Holding Corp. (GO) Down 8.5% Since Last Earnings Report: Can It Rebound?

Grocery Outlet Holding Corp. (GO) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Grocery Outlet Holding Corp. Announces Retirement of Vice Chairman of the Board MacGregor Read

MacGregor Read retires after nearly 30 years of service MacGregor Read retires after nearly 30 years of service

3 months ago - GlobeNewsWire

OLLI vs. GO: Which Stock Should Value Investors Buy Now?

OLLI vs. GO: Which Stock Is the Better Value Option?

Other symbols: OLLI
3 months ago - Zacks Investment Research

Grocery Outlet Holding Corp. Announces Participation In The Goldman Sachs 29th Annual Global Retailing Conference

EMERYVILLE, Calif., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”) today announced that the Company will be participating in a fireside c...

3 months ago - GlobeNewsWire

Stocks: Wall Street analysts weigh in on AMC, Grocery Outlet, Kohl's

#Kohl's Yahoo Finance Live anchors Julie Hyman, Brad Smith and Brian Sozzi and Julie Hyman discuss Wedbush slashing its AMC price target to $2 after $APE launch, Morgan Stanley downgrading Grocery Outle...

Other symbols: KSS
3 months ago - Yahoo Finance

A Trio of Companies Growing Earnings Fast

The S&P 500 saw the annual real earnings per share of its member companies increase by an average growth rate of 19.6% every year over the past five years ending in December 2021. The index, which stood...

Other symbols: CTLTDPZ
3 months ago - GuruFocus

Grocery Outlet (GO) Joins DoorDash to Aid On-Demand Delivery

Grocery Outlet (GO) partners with DoorDash to facilitate on-demand grocery delivery. Consumers can fulfill all their grocery and household needs with savings.

3 months ago - Zacks Investment Research

DoorDash, Grocery Outlet Team on Same-Day Grocery Delivery

DoorDash and retailer Grocery Outlet are looking to bring bargain prices to delivery customers through a new arrangement announced Monday (Aug. 15). The companies' partnership will facilitate the on-dem...

Other symbols: DASH
3 months ago - PYMNTS

DoorDash and Grocery Outlet Partner for On-Demand Grocery Delivery

New partnership offers convenient same-day grocery delivery from all Grocery Outlet locations across the country New partnership offers convenient same-day grocery delivery from all Grocery Outlet locat...

3 months ago - GlobeNewsWire

Retail Giant Shops For Breakout As Top Funds Scoop Up Shares

As Costco expands its presence in Taiwan, the best mutual funds add shares of COST stock to their carts, pushing it toward a breakout. The post Retail Giant Shops For Breakout As Top Funds Scoop Up Shar...

Other symbols: BJCOSTDGKRMUSASFMWMT
3 months ago - Investors Business Daily

New Strong Buy Stocks for August 11th

GO, PFIE, PCTY, RFIL and GEF have been added to the Zacks Rank #1 (Strong Buy) List on August 11, 2022.

Other symbols: GEFPCTYPFIERFIL
3 months ago - Zacks Investment Research

Grocery Outlet (GO) Q2 Earnings Beat Estimates, FY22 View Up

Grocery Outlet's (GO) second-quarter results reflect a comparable store sales increase of 11.2%. Management anticipates 2022 comparable store sales growth in the band of 8-8.5%.

3 months ago - Zacks Investment Research