Grocery Outlet Holding Q4 2023 Adj EPS $0.18 Beats $0.16 Estimate, Sales $989.82M Beat $979.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet Holding Corp. (GO) reported Q4 2023 adjusted EPS of $0.18, surpassing the $0.16 estimate, with sales of $989.82M exceeding the $979.92M forecast. This represents a 6.34% increase in sales compared to the same period last year.
February 27, 2024 | 9:03 pm
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POSITIVE IMPACT
Grocery Outlet Holding Corp. (GO) exceeded Q4 2023 earnings and sales estimates, with a notable year-over-year sales growth of 6.34%.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year sales growth further strengthens the company's financial position and market confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100