Grocery Outlet Holding Corp. Updates FY23 EPS Guidance From $1.04-$1.08 To $1.04-$1.06 Vs $1.08 Est. Revenue Of ~$3.95B Vs $3.97B Est.
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet Holding Corp. has updated its FY23 EPS guidance from $1.04-$1.08 to $1.04-$1.06, slightly below the estimated $1.08. The company's estimated revenue is around $3.95B, slightly below the estimated $3.97B. Other updates include new store openings, net sales, comparable store sales increase, gross margin, adjusted EBITDA, and capital expenditures.
November 07, 2023 | 9:38 pm
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Grocery Outlet's revised FY23 EPS guidance is slightly below estimates, which could negatively impact investor sentiment and the company's stock price in the short term.
Grocery Outlet's revised EPS guidance for FY23 is lower than previously estimated. This could lead to negative investor sentiment as it indicates potential lower profitability than expected, which could put downward pressure on the stock price in the short term.
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