Grocery Outlet Q3 Earnings & Sales Beat Estimates, Comps Jump 1.2%
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Grocery Outlet reported strong Q3 2024 results with a 10.4% increase in net sales, driven by a 1.2% rise in comparable store sales and new store openings.
November 06, 2024 | 1:45 pm
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Grocery Outlet's Q3 2024 results exceeded expectations with a 10.4% increase in net sales, supported by a 1.2% rise in comparable store sales and new store openings.
The 10.4% increase in net sales and 1.2% rise in comparable store sales indicate strong operational performance. The addition of new store openings further supports future growth, likely leading to a positive short-term impact on the stock price.
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