Grocery Outlet Holding Q3 EPS $0.31 Beats $0.27 Estimate, Sales $1.00B Miss $1.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet Holding (NASDAQ:GO) reported Q3 earnings of $0.31 per share, beating the analyst consensus estimate of $0.27 by 14.81%. However, the company's quarterly sales of $1.00 billion missed the analyst consensus estimate of $1.01 billion by 0.60%.
November 07, 2023 | 9:02 pm
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Grocery Outlet's Q3 earnings beat estimates but sales missed expectations. This mixed report may lead to uncertain market reactions.
Grocery Outlet's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed expectations, which could be a concern. The mixed results may lead to an uncertain market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100