Grocery Outlet shares are trading lower after the company reported worse-than-expected Q3 revenue guidance and issued FY23 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet has reported lower-than-expected Q3 revenue guidance and issued FY23 guidance below estimates, leading to a decrease in its share price.
November 08, 2023 | 5:21 pm
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Grocery Outlet's shares are trading lower due to disappointing Q3 revenue guidance and FY23 guidance below estimates.
Grocery Outlet's shares are trading lower as the company's Q3 revenue guidance and FY23 guidance fell short of expectations. This indicates a potential decrease in the company's future earnings, which is negatively impacting investor sentiment and driving the stock price down.
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