Financials
Quarterly financials
| (USD) | Apr 2023 | Q/Q |
|---|---|---|
| Revenue | 965.5MM | +4% |
| Gross Profit | 300.5MM | +7% |
| Cost Of Revenue | 664.9MM | +2% |
| Operating Income | 32.8MM | +37% |
| Operating Expenses | - | - |
| Net Income | 13.7MM | -14% |
| G&A | 267.7MM | +30% |
| Amortization | - | - |
Revenue Breakdowns
Highlights of Management Discussion and Risk Factors in 10-K/10-Q filling
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Stock news
Investors need to pay close attention to Grocery Outlet (GO) stock based on the movements in the options market lately.
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Grocery Outlet's (GO) first-quarter results reflect a comparable store sales increase of 12.1%. Management anticipates comparable store sales growth of 5% to 6% for 2023.
It is now my pleasure to introduce the host, John Rouleau. Good afternoon, and welcome to Grocery Outlet call to discuss financial results for the first quarter ending March 31, 2023. Speaking from management on today's call will be RJ Sheedy, president and chief executive officer; and Charles Bracher, chief financial officer.
Grocery Outlet Holding Corp. (GO) delivered earnings and revenue surprises of 17.39% and 1.79%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Q1 fiscal 2023 net sales increased 16.1%Comparable store sales grew 12.1% driven by a 7.9% increase in transactionsGAAP net income increased 18.5% with diluted EPS of $0.14Adjusted EBITDA(1) increased 36.9%, up 100 basis points as a percentage of net salesCompany raises guidance for fiscal 2023 EMERYVILLE, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the first quarter of fiscal 2023 en
Grocery Outlet's (GO) first-quarter results are likely to reflect marketing efforts, store-growth endeavors and e-commerce initiatives to deepen the customer reach.
EMERYVILLE, Calif., April 25, 2023 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the first quarter of fiscal 2023 will be released after the market close on Tuesday, May 9, 2023. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call, usin