Grocery Outlet Expects To Meet Previously Discussed Q3 Earnings Guidance; Expects Net Sales To Be $1.1B (Est $1.094B), Up 10.4% Y/Y, With Comparable Store Sales Increasing 1.2%
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet is on track to meet its Q3 earnings guidance, with expected net sales of $1.1 billion, slightly above estimates, and a 10.4% year-over-year increase. Comparable store sales are expected to rise by 1.2%.
October 30, 2024 | 10:14 am
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Grocery Outlet is expected to meet its Q3 earnings guidance with net sales of $1.1 billion, slightly above estimates, and a 10.4% year-over-year increase. Comparable store sales are expected to rise by 1.2%.
The news indicates that Grocery Outlet is performing well, with net sales slightly above estimates and a significant year-over-year increase. This positive performance is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100