Grocery Outlet Holding Corp is a discount grocery retailer that specializes in providing customers with a wide range of products at reduced prices
The company operates a network of stores that offer a diverse selection of brand-name groceries, fresh produce, and household items, often sourced from surplus inventory and overstock. Grocery Outlet focuses on delivering value to its shoppers by featuring primarily off-brand and closeout products, allowing consumers to save money while still enjoying quality goods. Through its unique business model, the company aims to create an enjoyable shopping experience while maximizing savings for budget-conscious customers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Sprouts (NASDAQSFM) and the best and worst performers in the non-discretionary retail industry.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how non-discretionary retail stocks fared in Q3, starting with Grocery Outlet (NASDAQGO).
Recently, we provided a snapshot of asset class performance since Election Day using our key ETF matrix. Diving a little deeper, here is a look at the change in market cap across S&P 1500 sectors since Trump's victory on Nov. 5, 2024.
Discount grocery store chain Grocery Outlet (NASDAQGO) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 10.4% year on year to $1.11 billion. On the other hand, the company’s full-year revenue guidance of $4.35 billion at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.28 per share was 3.4% above analysts’ consensus estimates.
