Grocery Outlet Expects To Reduce Full Year Adjusted EBITDA Guidance To Below Low End Of The Previously Disclosed Range Of $252M - $260M
Portfolio Pulse from Benzinga Newsdesk
Grocery Outlet has announced that it expects to lower its full-year adjusted EBITDA guidance to below the previously disclosed range of $252 million to $260 million.
October 30, 2024 | 10:17 am
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Grocery Outlet has revised its full-year adjusted EBITDA guidance to below the previously disclosed range of $252M-$260M, indicating potential financial challenges.
The reduction in EBITDA guidance suggests that Grocery Outlet may be facing financial challenges, which could negatively impact investor sentiment and the stock price in the short term.
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