Here’s why more than $1 billion in sales was not enough for Grocery Outlet
Grocery Outlet Holding Co.’s sales topped $1 billion in the fourth quarter, slightly above Wall Street expectations, but weaker quarterly profits and 2025 guidance dragged the stock down more than 12% late Tuesday.
Grocery Outlet (GO) Q4 2024 Earnings Call Transcript
Greetings, and welcome to the Grocery Outlet Q4 and full year 2024 earnings results conference call. [Operator instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce you to your host,
Grocery Outlet Beats Expectations in Q4
Just weeks after welcoming its new president and CEO, Jason Potter, Grocery Outlet Holding Corp. is sharing its fourth-quarter and fiscal year 2024 financial results. The value retailer saw net sales increase by 10.9% to $1.10 billion for its Q4 ended Dec. 28, 2024, while comparable-store sales increased by 2.9% during the quarter.
Grocery Outlet’s (NASDAQ:GO) Q4 Sales Top Estimates But Stock Drops 12.6%
Discount grocery store chain Grocery Outlet (NASDAQ:GO) announced in Q4 CY2024, with sales up 10.9% year on year to $1.10 billion. The company expects the full year’s revenue to be around $4.75 billion,
Grocery Outlet: Q4 Earnings Snapshot
Grocery Outlet expects full-year earnings in the range of 70 cents to 75 cents per share, with revenue in the range of $4.7 billion to $4.8 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GO at https://www.zacks.com/ap/GO
Grocery Outlet craters as FY25 outlook, workforce reduction spooks street
Grocery Outlet (NASDAQ:GO) shares are unraveling in Wednesday’s premarket trading as the company’s disappointing guidance ...
Grocery Outlet price target lowered to $12 from $16 at Roth MKM
Roth MKM lowered the firm’s price target on Grocery Outlet (GO) to $12 from $16 and keeps a Neutral rating on the shares. Grocery Outlet has ...
Grocery Outlet announces restructuring plan
The discounter said it laid off about 40 workers during the first quarter and will open significantly fewer stores than it ...
Banner day for Altadena’s Grocery Outlet as it emerges from wildfire-spurred closure
Longtime Altadena community activist René Amy, who lost his own home in the fire, has spent many days outside the store since ...
Grocery Outlet price target lowered to $15 from $16 at TD Cowen
TD Cowen lowered the firm’s price target on Grocery Outlet (GO) to $15 from $16 and keeps a Hold rating on the shares. The firm said the ...
Pasadena Star-News6d
A beloved Altadena business reopens, a welcome sign of ‘coming back together’
Since returning to her Pasadena home weeks ago, Betty Pearson, 72, has been driving to the Grocery Outlet in San Gabriel. She ...
Crowd greets Grocery Outlet's opening in Vernon Township
Crowded aisles and long checkout lines were the order of the day Thursday at the Meadville area’s newest grocery store. More than 100 customers were lined up waiting for Grocery Outlet’s 8 a.m. grand ...
Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2024 Financial Results
GuidanceWelcomes 30-Year Industry Veteran Jason Potter, President and CEOEMERYVILLE, Calif., Feb. 25, 2025 (GLOBE ...