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These Analysts Cut Their Forecasts On Grocery Outlet Following Q2 Results

Grocery Outlet Holding Corp (NASDAQ:GO) reported better-than-expected second-quarter financial results on Tuesday. Also, the company announced that it expects 62-64 new store openings in FY24. Grocery Outlet reported quarterly earnings of 25 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $1.13 billion which beat the analyst consensus estimate of $1.10 billion. “We are pleased with our second quarter performance with gross margins and earnings coming in better than our expectations,” said RJ Sheedy, President and CEO of Grocery Outlet. “We also continue ...