Grocery Outlet sees FY24 revenue over previous guidance $4.30B-$4.35B

Consensus is for FY24 revenue $4.36B. The Company is in the process of reassessing its full year guidance. Although the Company expects to exceed the high end of the range of its FY24 sales guidance of $4.30B-$4.35B, the Company expects to reduce its FY24 adjusted EBITDA guidance to below the low end of the previously disclosed range of $252.0M-$260.0M. As previously announced, the Company will update full year guidance, along with issuing final Q3 earnings results, on Tuesday, November 5.