Grocery Outlet (GO 7.64%) held its fourth-quarter 2024 earnings call on February 25, 2025, introducing new leadership and outlining strategic shifts to improve execution and profitability. The stock was down as much as 30% following earnings.
Grocery Outlet's Q4 results reflect strong comps driven by an increased number of transactions, thus aiding revenues. However, soft margins weigh on profits.
The headline numbers for Grocery Outlet (GO) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.
Grocery Outlet Holding Co.'s sales topped $1 billion in the fourth quarter, slightly above Wall Street expectations, but weaker quarterly profits and 2025 guidance dragged the stock down more than 12% late Tuesday.
GO's opportunistic purchasing, targeted marketing, store expansion and e-commerce efforts are likely to have boosted its four-quarter sales.
Grocery Outlet (GO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Grocery Outlet Holding Corp. ("Grocery Outlet Holding Corp.") (NASDAQ:GO) concerning possible violations of federal securities laws. On May 7, 2024, Grocery Outlet reported 1Q 2024 earnings that fell well below expectations and then lowered its guidance for the year.
NEW YORK, NY / ACCESSWIRE / January 14, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Grocery Outlet Holding Corp. ("Grocery Outlet Holding Corp.") (NASDAQ:GO) concerning possible violations of federal securities laws. On May 7, 2024, Grocery Outlet reported 1Q 2024 earnings that fell well below expectations and then lowered its guidance for the year.
NEW YORK, NY / ACCESSWIRE / January 13, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Grocery Outlet Holding Corp. ("Grocery Outlet Holding Corp.") (NASDAQ:GO) concerning possible violations of federal securities laws. On May 7, 2024, Grocery Outlet reported 1Q 2024 earnings that fell well below expectations and then lowered its guidance for the year.
NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Grocery Outlet Holding Corp. ("Grocery Outlet Holding Corp.") (NASDAQ:GO) concerning possible violations of federal securities laws. On May 7, 2024, Grocery Outlet reported 1Q 2024 earnings that fell well below expectations and then lowered its guidance for the year.
NEW YORK, NY / ACCESSWIRE / January 9, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Grocery Outlet Holding Corp. ("Grocery Outlet Holding Corp.") (NASDAQ:GO) concerning possible violations of federal securities laws. On May 7, 2024, Grocery Outlet reported 1Q 2024 earnings that fell well below expectations and then lowered its guidance for the year.