Welcome to our dedicated page for Grocery Outlet Holding news (Ticker: GO), a resource for investors and traders seeking the latest updates and insights on Grocery Outlet Holding stock.
Grocery Outlet Holding Corp. reports news about its extreme value grocery retail business, including earnings releases, comparable sales commentary, store-footprint decisions and operating initiatives. The company sells quality, name-brand consumables and fresh products primarily through a network of independently operated stores across multiple U.S. states.
Recurring updates also cover board and executive changes, merchandising and digital-shopping initiatives such as shoppable content, community partnerships with hunger-relief organizations, and business optimization actions tied to store operations, operator agreements and lease activity.
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Grocery Outlet Holding Corp. (NASDAQ: GO) has announced its first-quarter financial results for fiscal 2023, set to be released after market close on May 9, 2023. A conference call will follow at 4:30 PM ET, where the company will discuss the results. Interested investors can join the call by dialing (877) 407-9208 and using conference ID #13730481. The call will also be accessible via a live audio webcast on the company's investor relations website. A replay will be available within two hours after the call for two weeks, ensuring stakeholders can stay informed.
Grocery Outlet, based in Emeryville, California, operates over 440 stores across eight states, offering a range of quality name-brand products at discounted prices.
Grocery Outlet Holding Corp. (NASDAQ: GO) reported an 18.9% increase in Q4 fiscal 2022 net sales, reaching $930.8 million, with comparable store sales growing 15.1%. Net income surged 139.3% to $15.9 million, resulting in a diluted EPS of $0.16. Fiscal 2022 saw net sales rise 16.2% to $3.58 billion, net income increased 4.4% to $65.1 million, and adjusted EBITDA rose under both previous and revised definitions. The company plans to open 25 to 28 new stores in fiscal 2023 and anticipates net sales of $3.85 to $3.90 billion. A new credit facility was established, enhancing liquidity. Full details can be accessed through the company's investor relations.
Grocery Outlet Holding Corp. (NASDAQ: GO) is set to release its fourth-quarter and full fiscal 2022 financial results on February 28, 2023, after the market closes. A conference call will be held at 4:30 PM ET to discuss these results, with investors encouraged to dial in 10 minutes beforehand. Participants can access the call live via audio webcast at Grocery Outlet's investor relations website. A recorded replay will also be available shortly after the call concludes for approximately two weeks. Grocery Outlet operates over 430 stores across several U.S. states, offering a range of quality, name-brand consumables at discounted prices.
Uber Technologies and Grocery Outlet have expanded their partnership to include on-demand grocery delivery from 386 locations across seven states, including New Jersey, Maryland, and Pennsylvania. This collaboration enables consumers to order their favorite products via the Uber and Uber Eats apps. To celebrate, customers can enjoy a $10 discount on orders over $40 using promo code GOSAVE10. The partnership aims to meet consumer demands for quality and savings in grocery shopping, reflecting Uber's ongoing growth in the grocery delivery segment since its launch in July 2020.
Grocery Outlet Holding Corp. (NASDAQ: GO) announced leadership changes effective January 1, 2023. CEO Eric Lindberg will become Chairman of the Board, while President RJ Sheedy will step in as the new CEO. Lindberg expressed confidence in Sheedy's leadership abilities to drive growth, citing his extensive experience in the grocery sector since joining the company in 2012. The company operates over 430 stores across multiple states and aims to continue its strategic expansion under Sheedy's guidance.