Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2019 Financial Results
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Grocery Outlet Holding Corp. (GO) Tops Q3 EPS by 3c, Revenues Beat; Raises FY19 EPS/Revenues Guidance Above Consensus
November 11, 2019 4:08 PM ESTGrocery Outlet Holding Corp. (NASDAQ: GO) reported Q3 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $652.5 million versus the consensus estimate of $643.7 million.
For the third quarter ended September 28, 2019:
Net sales increased by 13.1% to $652.5 million from $576.8 million in the third quarter of fiscal 2018; comparable store sales increased by 5.8% over a 4.2% increase in the same period last year.The Company opened eight new stores and closed one,... More