Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2019 Financial Results
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Grocery Outlet Holding Corp. (GO) Tops Q4 EPS by 4c; No FY20 Earnings Outlook Due to COVID-19 Pandemic
March 24, 2020 4:07 PM EDTGrocery Outlet Holding Corp. (NASDAQ: GO) reported Q4 EPS of $0.21, $0.04 better than the analyst estimate of $0.17. Revenue for the quarter came in at $655.5 million versus the consensus estimate of $655 million.
For the fourth quarter ended December 28, 2019:
Net sales increased by 12.0% to $655.5 million from $585.2 million in the fourth quarter of fiscal 2018; comparable store sales increased by 5.1% over a 4.1% increase in the same period last year.The Company opened ten new stores ending the quarter with 347 stores in six states.Net income was $9.8 million, or $0.11 per diluted share, compared to... More