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.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GO:
- Optimistic Buy Rating for Grocery Outlet Holdings Amidst Leadership Transition and Margin Recovery Potential
- GO Upcoming Earnings Report: What to Expect?
- Grocery Outlet Holding: Strong Buy Rating Amidst Economic Uncertainty and Operational Improvements
- Grocery Outlet upgraded to Buy from Hold at Jefferies
- Buy Rating for Grocery Outlet Holding: Strategic Growth Potential Amid Economic Challenges