Grocery Outlet Says It Is In The Process Of Reassessing Its Full Year Guidance; Expects To Exceed High End Of Net Sales Guidance Range Of $4.30B - $4.35B (Est 4.36B)
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet is reassessing its full-year guidance and expects to exceed the high end of its net sales guidance range of $4.30B - $4.35B, with estimates at $4.36B.
October 30, 2024 | 10:16 am
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Grocery Outlet is in the process of reassessing its full-year guidance and anticipates exceeding the high end of its net sales guidance range of $4.30B - $4.35B, with current estimates at $4.36B.
The news indicates a positive revision in Grocery Outlet's sales expectations, suggesting stronger than anticipated performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
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