Grocery Outlet Holding Corp Stock News

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 Vice President and Chief Financial Officer, effective January 6, 2025.

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, with declining margins across the board. Despite a sharp valuation derating, significant uncertainties and competitive pressures suggest the stock will, at best, trade sideways.

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 Board and Interim President and Chief Executive Officer Lindsay Gray - Interim Chief Financial Officer and Senior Vice President, Accounting Conference Call Participants Operator Greetings, and wel...

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

Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO

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 be released after the market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.

Stocks trading near multiyear lows tend to be high-risk, high-reward investments. Investors should be careful not to assume that a falling stock can't fall further in value.

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 consumables and fresh products, announced today the official launch of its new private label program, GO Brands.