Grocery Outlet Holding Corp. (GO) reported fourth-quarter 2024 results, wherein the top line exceeded the Zacks Consensus Estimate and increased year over year. Meanwhile, the bottom line fell short of the Zacks Consensus Estimate and declined from the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company’s net sales growth in the fourth quarter was driven by a strong increase in comparable store sales (comps), exceeding expectations. Key value metrics and stron ...

Grocery Outlet Holding Corp. (NASDAQ:GO) Q4 2024 Earnings Conference Call February 25, 2025 4:30 PM ET Company Participants Christine Chen - Head of Investor Relations Eric Lindberg - Chairman of the Board Jason Potter - President and Chief Executive Officer Chris Miller - Chief Financial Officer Dorian Bertsch - SVP of Strategy and Finance Conference Call Participants Krisztina Katai - Deutsche Bank Anthony Bonadio - Wells Fargo Robert Ohmes - Bank of America Tom Nass - TD Cowen Mark Carden - UBS John H ...

For the quarter ended December 2024, Grocery Outlet Holding Corp. (GO) reported revenue of $1.1 billion, up 10.9% over the same period last year. EPS came in at $0.15, compared to $0.18 in the year-ago quarter.The reported revenue represents a surprise of +1.10% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $0.17, the EPS surprise was -11.76%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

RADNOR, Pa., Feb. 25, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Grocery Outlet Holding Corp. ("Grocery Outlet") (NASDAQ: GO)  on behalf of those who purchased or acquired Grocery Outlet securities between November 7, 2023, and May 7, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is March 31, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:     If you suffered Groc ...

Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.76%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of $0.27 per share when it actually produced earnings of $0.2 ...

Emeryville, CA – February 25, 2025 – Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and full fiscal year ended December 28, 2024. Exhibit 99.1 Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2024 Financial Results Provides Fiscal 2025 Guidance Welcomes 30-Year Industry Veteran Jason Potter, President and CEO Highlights for Fourth Quarter Fiscal 2024 as compared to Fourth Quarter Fiscal 2023: Highlights f ...

Provides Fiscal 2025 Guidance Welcomes 30-Year Industry Veteran Jason Potter, President and CEO EMERYVILLE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and full fiscal year ended December 28, 2024. Highlights for Fourth Quarter Fiscal 2024 as compared to Fourth Quarter Fiscal 2023: Net sales increased by 10.9% to $1.10 billion.Comparable store sales increased by 2.9%.Gross mar ...

Core Viewpoint - Grocery Outlet Holding Corp. is set to announce its fourth-quarter fiscal 2024 earnings results on February 25, with investors keenly observing its performance amid competitive challenges and growth opportunities in the grocery sector [1]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $1,086 million, reflecting a 9.7% increase compared to the previous year [2]. - The earnings per share estimate is stable at 17 cents, indicating a year-over-year decline of 5.6% [2]. Historical Performance - Grocery Outlet has experienced a trailing four-quarter negative earnings surprise of 2.2% on average, although it outperformed the Zacks Consensus Estimate by 3.7% in the last reported quarter [3]. Key Factors for Q4 Earnings - The company's focus on opportunistic purchasing, targeted marketing, store expansion, and e-commerce initiatives is expected to drive top-line growth [4]. - The introduction of a personalization app and an expanded product assortment is likely to enhance customer engagement and shopping frequency, with comparable store sales growth anticipated to rise to 2% in Q4 from 1.2% in Q3 [4]. Customer Engagement and Technology - Grocery Outlet has improved customer engagement through technology, particularly with its mobile app that offers personalized deals and early access to promotions [5]. - The company differentiates itself by providing a range of affordable, quality products under its label [5]. Financial Challenges - Although Grocery Outlet has largely mitigated the financial impacts of its system transition, lingering challenges may still affect margin expansion and operational scalability [6]. - SG&A expenses are projected to increase by 8.7% in Q4, which could pressure profitability [6]. Earnings Prediction - The Zacks model predicts an earnings beat for Grocery Outlet, supported by a positive Earnings ESP and a Zacks Rank of 3 (Hold) [7][8].

Core Viewpoint - A class action securities lawsuit has been filed against Grocery Outlet Holding Corp. due to alleged securities fraud affecting investors between November 7, 2023, and May 7, 2024 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Grocery Outlet investors who were negatively impacted by the company's financial disclosures and guidance revisions [1] - On May 7, 2024, Grocery Outlet reported first-quarter fiscal 2024 results that were significantly below expectations and lowered its guidance for the second quarter and the full fiscal year 2024 [2] - The company cited "unforeseen systems transition costs" and "residual expense from our commission support program" as reasons for the disappointing results and guidance [2] - Following the announcement, Grocery Outlet's stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request appointment as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4] - The firm has over 20 years of experience in complex securities litigation and a team of more than 70 employees dedicated to serving clients [4]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Grocery Outlet Holding Corp. securities between November 7, 2023, and May 7, 2024, of the March 31, 2025, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Grocery Outlet securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that Grocery Outlet provided misleading statements about its transition to new systems, which negatively impacted its profitability and performance [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4].