Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2020 Financial Results
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Grocery Outlet Holding Corp. (GO) Tops Q3 EPS by 27c, Revenues Beat
November 10, 2020 4:16 PM ESTGrocery Outlet Holding Corp. (NASDAQ: GO) reported Q3 EPS of $0.50, $0.27 better than the analyst estimate of $0.23. Revenue for the quarter came in at $764.1 million versus the consensus estimate of $759.42 million.
For the Third Quarter Ended September 26, 2020:
Net sales increased by 17.1% to $764.1 million from $652.5 million in the third quarter of fiscal 2019; comparable store sales increased by 9.1% compared to a 5.8% increase in the same period last year.The Company opened 10 new stores ending the quarter with 372 stores in six states.Net income increased 225.2% to $40.5 million, or $0.41 per diluted share,... More