Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2020 Financial Results
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Grocery Outlet Holding (GO) PT Raised to $52 at Cowen
August 11, 2020 6:50 AM EDTCowen analyst Oliver Chen raised the price target on Grocery Outlet Holding (NASDAQ: GO) to $52.00 (from $48.00) while maintaining an Outperform rating.
The analyst commented, "Another strong quarter as top & bottom line beat. Comps of +16.7% ahead of Cowen's Street high +15% estimate as supply appears plentiful &... More
Grocery Outlet Holding Corp. (GO) Tops Q2 EPS by 19c
August 10, 2020 4:20 PM EDTGrocery Outlet Holding Corp. (NASDAQ: GO) reported Q2 EPS of $0.42, $0.19 better than the analyst estimate of $0.23. Revenue for the quarter came in at $803.4 million versus the consensus estimate of $781.02 million.
Eric Lindberg, CEO of Grocery Outlet, stated, We are very pleased with our strong operational execution in the second quarter. Our financial results reflect incredible teamwork across the organization including our independent operators, distribution center teams, and our corporate... More
