Shares of Grocery Outlet Holding (NASDAQ:GO) fell in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 45.24% year over year to $0.23, which missed the estimate of $0.24.
Revenue of $775,535,000 declined by 3.47% year over year, which missed the estimate of $775,550,000.
Guidance
Grocery Outlet Holding Expects To Open Between 36 And 38 Stores In FY21, With 1 Closure
Conference Call Details
Date: Aug 10, 2021
Time: 04:30 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/tqav5i7a
Price Action
52-week high: $48.87
52-week low: $31.58
Price action over last quarter: down 8.36%
Company Overview
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.
