Grocery Outlet Holding Corp. (GO) Q1 Earnings Lag Estimates

Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of$ 0.18 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of$ 0.16 per share when it actually produced earnings of $0.18, ...