Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Grocery Outlet Holding Corp (GO)
NASDAQ:GO
Holding GO?
Track your performance easily
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.17Last Year’s EPS
$0.18Same Quarter Last Year
Based on 12 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 17.17%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong sales growth and transaction increases, along with a robust share repurchase program. However, execution challenges due to a systems transition, a leadership change, and increased expenses resulted in a downward revision of guidance.Company Guidance
During the Grocery Outlet's third-quarter earnings call for 2024, the company provided updated guidance, reflecting various operational challenges. The third-quarter highlights included a 10.4% increase in net sales to $1.11 billion, with comparable store sales growing by 1.2%. However, the company reported a weaker-than-expected adjusted EBITDA of $72.3 million, prompting a revision of their full-year guidance. The updated guidance forecasts a reduction of approximately $16 million in anticipated full-year adjusted EBITDA, now expected to be between $237 million and $242 million. The company also adjusted its full-year comp store sales growth expectation to approximately 2.4% and anticipates adding 66 net new stores by the year-end. Despite execution and system transition challenges, the company remains focused on restoring its value proposition and supporting its independent operators.Net Sales Growth
Net sales increased 10.4% to $1.11 billion during the third quarter due to new store sales and a 1.2% increase in comparable store sales.
Strong Transaction Growth
Comp transaction count was up 2% in Q3 and 10.6% on a 2-year basis, despite execution challenges.
New Store Openings
The company opened 5 net new stores, increasing its store count to 529 locations at the end of the quarter.
Adjusted EBITDA Beat
Adjusted EBITDA increased by 6% to $72.3 million, with a margin of 6.5% of net sales, 10 basis points ahead of expectations.
Share Repurchase Program
The Board approved a new share repurchase authorization for up to $100 million, replacing the previous program.
---
GO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $14.56 | $16.11 | +10.65% |
| Aug 06, 2024 | $18.54 | $19.63 | +5.88% |
| May 07, 2024 | $25.90 | $20.88 | -19.38% |
| Feb 27, 2024 | $26.47 | $26.15 | -1.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Grocery Outlet Holding Corp (GO) report earnings?
Grocery Outlet Holding Corp (GO) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Grocery Outlet Holding Corp (GO) earnings time?
Grocery Outlet Holding Corp (GO) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GO EPS forecast?
GO EPS forecast for the fiscal quarter 2024 (Q4) is $0.17.
---