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Grocery Outlet Holding Corp (GO)
NASDAQ:GO
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.09Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -17.60%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted positive aspects such as growth in comparable store sales and net sales, new leadership appointments, and strategic distribution center expansion. However, these were counterbalanced by significant challenges, including declining gross margins, restructuring charges, and ongoing systems issues affecting operations.Company Guidance
During the call, Grocery Outlet provided several metrics and guidance for fiscal 2025. They expect comparable store sales growth between 2% to 3%, with a total net sales range of $4.7 to $4.8 billion, including approximately $75 million from a 53rd week. The company plans to open 33 to 35 net new stores, focusing more on existing and adjacent markets to improve productivity and return on invested capital. Gross margins are anticipated to be around 30% to 30.5% for the year. Adjusted EBITDA is projected between $260 million and $270 million, while adjusted earnings per share (EPS) is expected to be in the range of $0.70 to $0.75. They also mentioned the impact of restructuring charges in the range of $36 million to $45 million, with the majority expected in the first half of the year.Comparable Store Sales Increase
Comparable store sales increased by 2.9% in Q4, driven by a 3% growth in customer count.
Net Sales Growth
Net sales increased by 10.9% to $1.1 billion for the fourth quarter.
New Distribution Center
Opened a new 680,000 square foot distribution center in Vancouver, Washington, expected to increase efficiencies and lower distribution costs in the region.
Leadership Appointments
Appointment of Jason Potter as CEO and Chris Miller as CFO, both bringing extensive experience to drive company growth.
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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
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GO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $15.74 | $10.99 | -30.18% |
| 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% |
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.
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FAQ
When does Grocery Outlet Holding Corp (GO) report earnings?
Grocery Outlet Holding Corp (GO) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Grocery Outlet Holding Corp (GO) earnings time?
Grocery Outlet Holding Corp (GO) earnings time is at May 13, 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 2025 (Q1) is 0.07.
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