Grocery Outlet reports Q4 adjusted EPS 15c, consensus 17c

Reports Q4 revenue $1.1B, consensus $1.09B. Comparable store sales increased by 2.9%. “We delivered solid fourth quarter results, generating comps above expectations as customers responded to our improved value assortments,” said Eric Lindberg, chairman of the board of directors of Grocery Outlet (GO). “We continue to make progress on multiple fronts, and we are keenly focused on key strategic initiatives that will strengthen our foundation and support future growth, while ensuring we deliver best in class execution for our customers and independent operators.”