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. (NASDAQ: GO) is a U.S. grocery retailer that emphasizes an extreme value model for name-brand consumables and fresh products, and its news flow reflects both operational developments and strategic initiatives. Based in Emeryville, California, the company regularly issues updates on store growth, pricing programs, leadership changes, partnerships and financial performance.
Visitors to this news page can review company announcements about new store openings and geographic expansion. For example, Grocery Outlet has highlighted entering Virginia as its sixteenth state with a store in Falls Church, describing this as a milestone in its disciplined, long-term growth strategy. Releases also discuss the total number of stores across states such as California, Washington, Oregon, Pennsylvania, Tennessee, Idaho, Nevada, Maryland, North Carolina, New Jersey, Ohio, Georgia, Alabama, Delaware, Kentucky and Virginia.
Grocery Outlet’s news also covers promotions and value-focused campaigns, including holiday wine sales, turkey offers tied to in-store spending, and sweepstakes for WOW! Crowd members. These communications emphasize its Xtreme Value™ pricing and the goal of helping customers manage household budgets while purchasing quality, name-brand items and, in some cases, premium wines.
Investors and followers of GO stock can find earnings releases and conference call announcements here, along with updates on restructuring actions, store refresh programs and revised outlooks disclosed through press releases and related Form 8-K filings. The company also issues news about leadership and governance, such as executive appointments and board changes, and about community initiatives like its partnership with Feeding America® to support people facing hunger.
By reviewing this news feed, readers can track how Grocery Outlet communicates its performance, expansion, pricing initiatives and community engagement over time, using official company disclosures as the primary source.
Grocery Outlet Holding Corp. (NASDAQ: GO) will release its second quarter financial results for fiscal 2021 on August 10, 2021, after market close. A conference call to discuss these results will take place at 4:30 PM ET. Investors can join the call by dialing (877) 407-9208 with conference ID #13721982. A live audio webcast will also be available on their investor page. A recorded replay of the call will be accessible within two hours post-conclusion for about two weeks.
Grocery Outlet Holding Corp. (NASDAQ: GO) has opened its 400th store in Hailey, Idaho, marking a significant milestone in its 75-year history. The new location, run by independent operator Shane Anderson, reflects the company's ongoing growth strategy of adding approximately 35 new stores annually. To celebrate, Grocery Outlet is offering 'diamond deals' of up to 75% off select items. Additionally, the company commemorates its public listing anniversary on June 20, 2019, and has raised over $11 million for local food banks through its Independence from Hunger campaign.
Grocery Outlet Holding Corp. (NASDAQ: GO) reported its Q1 2021 results, revealing net sales decreased by 1.0% to $752.5 million. Comparable store sales fell 8.2% following a 17.4% increase last year. Net income surged 49.4% to $18.9 million, or $0.19 per diluted share. However, adjusted EBITDA declined 13.7% to $48.8 million and adjusted net income fell 19.6% to $23.1 million. The company opened 10 new stores and plans to open 36-38 stores in 2021. While management expresses long-term optimism, Q2 comparable store sales are projected to decline in low double digits.
Grocery Outlet Holding Corp. (NASDAQ: GO) will release its financial results for Q1 fiscal 2021 after market close on May 11, 2021. A conference call to discuss these results will be held at 4:30 PM ET. Interested participants can dial (877) 407-9208, using conference ID #13718911, or access a live audio webcast at the company's investor relations website. A replay of the call will be available shortly after its conclusion for two weeks.
Grocery Outlet operates over 375 stores across the western U.S., focusing on providing low-cost, name-brand consumer goods.
Grocery Outlet Holding Corp. (NASDAQ: GO) will participate in a virtual fireside chat at the UBS Global Consumer and Retail Virtual Conference on March 9, 2021, at 4:00 PM ET. Attending will be CEO Eric Lindberg, CFO Charles Bracher, and VP of Investor Relations Joseph Pelland. The presentation will be webcast live, accessible via Grocery Outlet's investor calendar page, with an archived version available for 30 days post-event. Grocery Outlet operates over 375 stores across several U.S. states, focusing on extreme value retailing of quality consumables and fresh products.
Grocery Outlet Holding Corp. (NASDAQ: GO) reported strong financial results for Q4 and FY 2020. Q4 net sales surged 23.1% to $806.8 million, including $53.3 million from an extra week. Comparable store sales rose 7.9%. Net income soared 146.8% to $24.3 million, or $0.24 per diluted share. For the full fiscal year, net sales increased 22.5% to $3.13 billion, with net income up 592.1% to $106.7 million. The company plans to open 36-38 stores in FY 2021 but expects comparable sales to decline in the first quarter due to prior COVID-19 demand spikes.
Grocery Outlet Holding Corp. (NASDAQ: GO) will announce its fourth quarter and full fiscal year 2020 financial results on March 2, 2021, post-market close. A conference call to discuss these results is scheduled for 4:30 PM ET, with a dial-in for participants. The company operates over 375 stores in the U.S. across various states, offering value to consumers through a network of independently operated stores.
Grocery Outlet Holding Corp. (NASDAQ: GO) announced the appointment of Gail Moody-Byrd and María Fernanda Mejía to its Board of Directors, expanding the board to 12 members as of January 18, 2021. Moody-Byrd brings over 35 years of experience in B2B technology marketing and retail consulting, while Mejía has a global career spanning 30 years in general management and operations. Both appointees align with Grocery Outlet's culture of diversity and are expected to contribute significantly to the company's long-term growth strategies.
Grocery Outlet reported strong financial results for Q3 2020, with net sales increasing 17.1% to $764.1 million. Comparable store sales rose by 9.1%. Net income surged 225.2% to $40.5 million, driven by tax benefits from employee stock options. Adjusted net income increased 141.8% to $49.9 million. The company opened 10 new stores, ending the quarter with 372 locations. For the year-to-date, net sales grew 22.3% to $2.33 billion. The company anticipates opening 34 stores in fiscal 2020, with a steady performance expected in Q4.
Grocery Outlet Holding Corp (NASDAQ: GO) has announced the release of its financial results for Q3 of fiscal 2020, scheduled for November 10, 2020, after market close. A conference call will be held at 4:30 PM ET to discuss these results, with an invitation extended to investors and analysts to join. The call can be accessed via phone or through a live audio webcast. Established in Emeryville, California, Grocery Outlet operates over 350 stores across several states, providing quality, name-brand consumables at value prices.
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