Why Grocery Outlet (GO) Shares Are Getting Obliterated Today
What Happened? Shares of discount grocery store chain Grocery Outlet (NASDAQ:GO) fell 29.3% in the afternoon session after the company reported weak fourth-quarter results: its EPS, EBITDA, and full-year guidance for both metrics missed.
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 Shares Fall to All-Time Low on Restructuring Plans
Shares of Grocery Outlet on Wednesday dropped to a new all-time low after the retailer said it started restructuring its operations in the fourth quarter. The stock was down 28% to $11.27 in post-market trading, which would be the largest percent decrease on record. Shares are down 28% year to date, and have dropped 57% over the past 12 months.
Grocery Outlet Beats Expectations in Q4 Amid Restructuring
Grocery Outlet began to initiate a restructuring plan that it hopes will improve long-term profitability and cash flow generation, while also optimizing the footprint of new store growth and lowering its cost base.
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
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 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 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 announces restructuring plan
The discounter said it laid off about 40 workers during the first quarter and will open significantly fewer stores than it ...
Daily Digest: Grocery Outlet to close stores amid restructuring; Lucid's CEO steps down
Lucid Group (Nasdaq: LCID), a Newark-based maker of advanced electric vehicles, announced that CEO Peter Rawlinson has ...
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 ...
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 ...
Which Sacramento-area grocery stores have cheapest eggs? Milk? We compared 16 shops
The Sacramento Bee went searching for the most affordable eggs, milk, cheese and butter. Here’s what we found.
Grocery Outlet price target lowered to $10 from $13 at Morgan Stanley
Morgan Stanley analyst Simeon Gutman lowered the firm’s price target on Grocery Outlet (GO) to $10 from $13 and keeps an Underweight rating on ...
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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 ...