tiprankstipranks

Grocery Outlet reports Q1 adjusted EPS 13c, consensus 7c

Reports Q1 revenue $1.13B, consensus $1.12B. Q1 comparable store sales increased by 0.3%. “We delivered solid first quarter results, with comp-store sales and gross margins slightly ahead of our outlook, driven by traffic growth and tighter inventory management,” said Jason Potter, President and CEO of Grocery Outlet (GO). “We are encouraged by the improvement in our margins and the progress we have made on our real-time order guide.”

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue