Welcome to our dedicated page for Grocery Outlet Holding news (Ticker: GO), a resource for investors and traders seeking the latest updates and insights on Grocery Outlet Holding stock.
Grocery Outlet Holding Corp. (symbol: GO) is the leading extreme value retailer in the United States, catering to bargain-seeking customers since 1946. Headquartered in Emeryville, California, the company operates over 450 stores across California, Nevada, Oregon, Idaho, Washington, Pennsylvania, Maryland, and New Jersey. Grocery Outlet boasts a unique and flexible buying model that allows it to offer quality, name-brand products at prices typically 40% to 70% below those of conventional retailers.
Each Grocery Outlet store is run by entrepreneurial independent operators who bring a personalized touch to customer service and a localized product offering, creating a neighborhood feel for every store. The company’s broad appeal and commitment to affordability have made it a staple in both large cities and small towns alike. Grocery Outlet’s product selection includes frozen foods, refrigerated products, fresh produce, meat, general merchandise, health and beauty items, and more. All products are sold with a 100% satisfaction guarantee, ensuring customer trust and loyalty.
In recent news, Grocery Outlet continues its national expansion with the opening of new stores, including a second location in New Castle, Pennsylvania. This expansion is part of the company's long-term strategic growth plan, which aims to bring quality, affordable groceries to more communities. Additionally, Grocery Outlet announced its acquisition plans to expand its footprint into new adjacent markets in the Southeast, bolstering its growth prospects for fiscal 2024.
The company’s commitment to community is evident through its partnerships and employment opportunities. With revenues exceeding $1.5 billion annually and a workforce of approximately 1,000 people, Grocery Outlet not only helps consumers save money but also supports local economies.
For further information, Grocery Outlet Holding Corp. can be contacted via investor relations at Christine Chen (510) 877-3192 or media contact Layla Kasha (510) 379-2176.
Grocery Outlet Holding Corp. (NASDAQ: GO) has announced its first-quarter financial results for fiscal 2023, set to be released after market close on May 9, 2023. A conference call will follow at 4:30 PM ET, where the company will discuss the results. Interested investors can join the call by dialing (877) 407-9208 and using conference ID #13730481. The call will also be accessible via a live audio webcast on the company's investor relations website. A replay will be available within two hours after the call for two weeks, ensuring stakeholders can stay informed.
Grocery Outlet, based in Emeryville, California, operates over 440 stores across eight states, offering a range of quality name-brand products at discounted prices.
Grocery Outlet Holding Corp. (NASDAQ: GO) reported an 18.9% increase in Q4 fiscal 2022 net sales, reaching $930.8 million, with comparable store sales growing 15.1%. Net income surged 139.3% to $15.9 million, resulting in a diluted EPS of $0.16. Fiscal 2022 saw net sales rise 16.2% to $3.58 billion, net income increased 4.4% to $65.1 million, and adjusted EBITDA rose under both previous and revised definitions. The company plans to open 25 to 28 new stores in fiscal 2023 and anticipates net sales of $3.85 to $3.90 billion. A new credit facility was established, enhancing liquidity. Full details can be accessed through the company's investor relations.
Grocery Outlet Holding Corp. (NASDAQ: GO) is set to release its fourth-quarter and full fiscal 2022 financial results on February 28, 2023, after the market closes. A conference call will be held at 4:30 PM ET to discuss these results, with investors encouraged to dial in 10 minutes beforehand. Participants can access the call live via audio webcast at Grocery Outlet's investor relations website. A recorded replay will also be available shortly after the call concludes for approximately two weeks. Grocery Outlet operates over 430 stores across several U.S. states, offering a range of quality, name-brand consumables at discounted prices.
Uber Technologies and Grocery Outlet have expanded their partnership to include on-demand grocery delivery from 386 locations across seven states, including New Jersey, Maryland, and Pennsylvania. This collaboration enables consumers to order their favorite products via the Uber and Uber Eats apps. To celebrate, customers can enjoy a $10 discount on orders over $40 using promo code GOSAVE10. The partnership aims to meet consumer demands for quality and savings in grocery shopping, reflecting Uber's ongoing growth in the grocery delivery segment since its launch in July 2020.
Grocery Outlet Holding Corp. (NASDAQ: GO) announced leadership changes effective January 1, 2023. CEO Eric Lindberg will become Chairman of the Board, while President RJ Sheedy will step in as the new CEO. Lindberg expressed confidence in Sheedy's leadership abilities to drive growth, citing his extensive experience in the grocery sector since joining the company in 2012. The company operates over 430 stores across multiple states and aims to continue its strategic expansion under Sheedy's guidance.
Grocery Outlet Holding Corp. (NASDAQ: GO) reported robust financial results for Q3 2022, with net sales climbing 19.4% to $918.2 million. Comparable store sales surged 15.4%, while net income increased 2.1% to $17.5 million. The company plans to open 26 new stores, raising its net sales guidance for the fiscal year from $3.46-$3.48 billion to approximately $3.55 billion. Adjusted EBITDA also reflects growth, up 15.0% to $59.1 million. CFO Charles Bracher highlighted strong trends and strategic investments aimed at enhancing shareholder value.
Grocery Outlet Holding Corp. (NASDAQ: GO) will announce its third-quarter fiscal 2022 financial results on November 8, 2022, after market close. A conference call is scheduled for 4:30 PM ET to discuss these results. Interested investors can join the call by dialing (877) 407-9208 with conference ID #13730479. A live audio webcast will also be accessible online. A replay will be available within two hours after the call for two weeks. Grocery Outlet operates over 430 stores across several states, offering quality consumables at extreme value.
FAQ
What is the current stock price of Grocery Outlet Holding (GO)?
What is the market cap of Grocery Outlet Holding (GO)?
What does Grocery Outlet Holding Corp. do?
Where is Grocery Outlet Holding Corp. headquartered?
How many stores does Grocery Outlet operate?
What is unique about Grocery Outlet's business model?
How does Grocery Outlet ensure customer satisfaction?
What recent expansions has Grocery Outlet announced?
What are Grocery Outlet's revenue and employment figures?
What regions does Grocery Outlet serve?
Who should I contact for investor relations at Grocery Outlet?
Who should I contact for media inquiries at Grocery Outlet?
