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Grocery Outlet Holding Corp

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Equity

ISIN US39874R1014 / Valor 47927501

NASDAQ (2024-12-24)
USD 15.76+0.32%

Grocery Outlet Holding Corp
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About company

Grocery Outlet Holding Corp is a discount supermarket chain that offers brand-name groceries and fresh produce at reduced prices through its network of independently operated stores in the United States.

Summarized from source with an LLMView SourceSector: Consumer Services

Latest Results (20.08.2024):

Net Sales Growth

Grocery Outlet Holding Corp. reported an 11.7% increase in net sales for the second quarter of fiscal 2024, reaching $1.13 billion. This growth was driven by a 2.9% rise in comparable store sales, which was primarily due to a 5.1% increase in the number of transactions.

Store Expansion

During the second quarter of fiscal 2024, Grocery Outlet Holding Corp. expanded its footprint by opening 11 new stores and closing one, ending the quarter with a total of 524 stores across 16 states. This includes the 40 stores acquired from United Grocery Outlet on April 1, 2024.

Net Income Decline

Grocery Outlet Holding Corp. experienced a significant decrease in net income for the second quarter of fiscal 2024, with a 42.8% drop to $14.0 million, or $0.14 per share. This decline was influenced by increased selling, general, and administrative expenses, which rose by 11.4% to $323.1 million.

Gross Margin Impact

The company's gross margin for the second quarter of fiscal 2024 decreased by 140 basis points to 30.9%. This reduction was partly due to disruptions from the implementation of new technology platforms, which negatively impacted the gross margin by an estimated 100 basis points.

Updated Fiscal 2024 Guidance

Grocery Outlet Holding Corp. updated its key guidance figures for fiscal 2024. The company now expects to open 62 to 64 new stores, maintain net sales between $4.30 billion and $4.35 billion, and achieve a comparable store sales increase of approximately 3.5%. The gross margin is projected to remain around 30.5%, with adjusted EBITDA expected to be between $252 million and $260 million.

Summarized from source with an LLMView Source

Key figures

-42.4%1Y
-43.8%3Y
-51.4%5Y

Performance

47.5%1Y
39.6%3Y
40.2%5Y

Volatility

Market cap

1862 M

Market cap (USD)

Daily traded volume (Shares)

174,400

Daily traded volume (Shares)

1 day high/low

15.85 / 15.435

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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