Grocery Outlet Holding shares are trading lower after the company reported worse-than-expected Q1 adjusted EPS results.
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet Holding's shares dropped following the announcement of Q1 adjusted EPS results that fell below expectations.
May 08, 2024 | 11:49 am
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Grocery Outlet Holding's stock price declined due to disappointing Q1 adjusted EPS results.
The stock price of Grocery Outlet Holding is directly impacted by its earnings performance. Since the Q1 adjusted EPS results were worse than expected, it naturally led to a decrease in investor confidence and a subsequent drop in stock price. This is a common reaction in the stock market to earnings that do not meet expectations.
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