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Grocery Outlet(GO) - 2023 Q4 - Annual Results
2024-02-28 05:03
Exhibit 99.1 Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2023 Financial Results Q4 fiscal 2023 net sales increased 6.3% Q4 fiscal 2023 comparable store sales grew 2.7% driven by a 7.5% increase in transactions Company provides outlook for fiscal 2024 including impact of United Grocery Outlet pending acquisition Emeryville, CA – February 27, 2024 – Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and fu ...
Grocery Outlet(GO) - 2023 Q3 - Quarterly Report
2023-11-09 05:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38950 Grocery Outlet Holding Corp. (Exact name of registrant as specified in its charter) Delaware 47-1874201 (State or oth ...
Grocery Outlet(GO) - 2023 Q3 - Earnings Call Transcript
2023-11-08 12:22
财务数据和关键指标变化 - 第三季度销售额增长9.3%至10亿美元,主要由于可比店销售增长6.4%和过去12个月新开店的影响 [2][3] - 交易量增长8.6%,略有抵消平均客单价下降1.9% [16] - 毛利率增加80个基点至31.4%,毛利增长12.5%至3.157亿美元 [3][4] 各条业务线数据和关键指标变化 - 无具体披露各业务线数据和指标变化 各个市场数据和关键指标变化 - 无具体披露各市场数据和指标变化 公司战略和发展方向及行业竞争 - 公司计划2024年及以后继续通过有机增长、机会性房地产以及区域性收购等方式实现未来门店增长 [9][10] - 公司认为自身在美国拥有4000多家门店的潜在空间 [9] - 公司正在加强与大型CPG供应商的战略合作关系,并积极开发新的中小型供应商 [3] 管理层对经营环境和未来前景的评论 - 尽管食品通胀有所缓解,但消费者仍面临较高的食品价格和其他财务负担,公司40%的平均购物篮节省为客户提供了及时的价值 [3] - 公司对未来增长前景保持乐观,认为正在进行的系统升级将提升运营效率和数据分析能力,为长期增长奠定基础 [3][4] 问答环节重要的提问和回答 问题1 **Leah Jordan 提问** 系统升级过程中最大的挑战是什么?公司何时能够完全克服这些影响? [7] **RJ Sheedy 回答** 公司在9月底实施了包括产品、库存、财务和报告平台在内的多项系统升级,导致订单和库存管理出现中断,影响了第三季度和第四季度的业绩。公司正在与独立经营者密切合作,预计到年底这些过渡性影响将基本消除。[7][8] 问题2 **Oliver Chen 提问** 公司对未来门店增长的计划和供应链布局有何考虑? [15][17] **RJ Sheedy 回答** 公司未来门店增长将继续采取有机增长、机会性房地产以及区域性收购等方式,保持每年10%左右的增长目标。公司会根据未来门店增长提前做好供应链和基础设施的投资,确保健康的增长步伐。[10][17] 问题3 **Krisztina Katai 提问** 系统升级对公司未来毛利率和盈利能力是否有持续影响? [30][31] **RJ Sheedy 回答** 公司预计系统升级的过渡性影响将限于2023年,到2024年将恢复之前的业绩水平和趋势。公司对未来保持乐观,认为这些投资将为长期增长奠定基础。[30][31]
Grocery Outlet(GO) - 2023 Q2 - Earnings Call Transcript
2023-08-09 10:27
Oliver Chen - TD Cowen Robert Ohmes - Bank of America Merrill Lynch Krisztina Katai - Deutsche Bank Simeon Gutman - Morgan Stanley Karen Short - Credit Suisse Michael Baker - D.A. Davidson & Co. Joseph Feldman - Telsey Advisory Group Mark Carden - UBS Leah Jordan - Goldman Sachs Group Corey Tarlowe - Jefferies John Heinbockel - Guggenheim Securities It is now my pleasure to introduce your host Lyn Walther from ICR. Thank you, Ms. Walter, you may begin. Following prepared remarks from RJ and Charles, we will ...
Grocery Outlet(GO) - 2023 Q1 - Earnings Call Transcript
2023-05-10 10:14
Operator Good afternoon, and welcome to Grocery Outlet call to discuss financial results for the first quarter ending March 31, 2023. Speaking from management on today's call will be R.J. Sheedy, President and Chief Executive Officer; and Charles Bracher, Chief Financial Officer. Following prepared remarks from RJ and Charles, we will open the call for questions. Robert Sheedy Moving now to product, we are seeing an increase in the breadth and depth of offers as we expand and strengthen our supplier relatio ...
Grocery Outlet(GO) - 2022 Q4 - Annual Report
2023-03-02 05:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38950 Grocery Outlet Holding Corp. (Exact name of registrant as specified in its charter) Delaware 47-1874201 (State or other jurisd ...
Grocery Outlet(GO) - 2022 Q4 - Earnings Call Transcript
2023-03-01 08:36
Grocery Outlet Holding Corp (NASDAQ:GO) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Lynn Walter - IR Robert Sheedy - President, CEO & Director Charles Bracher - EVP & CFO Conference Call Participants Leah Jordan - Goldman Sachs Group Oliver Chen - Cowen and Company Krisztina Katai - Deutsche Bank Robert Ohmes - Bank of America Merrill Lynch Karen Short - Crédit Suisse Mark Carden - UBS Joseph Feldman - Telsey Advisory Group Corey Tarlowe - Jefferies Michael Kessler - M ...
Grocery Outlet(GO) - 2022 Q3 - Earnings Call Transcript
2022-11-09 11:18
Grocery Outlet Holding Corp. (NASDAQ:GO) Q3 2022 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Arvind Bhatia - Vice President of Investor Relations Eric Lindberg - Chief Executive Officer RJ Sheedy - President Charles Bracher - Chief Financial Officer Conference Call Participants Oliver Chen - Cowen and Company Krisztina Katai - Deutsche Bank Simeon Gutman - Morgan Stanley Robby Ohmes - Bank of America Leah Jordan - Goldman Sachs Jeremy Hamblin - Craig-Hallum John Heinbockel - Gu ...
Grocery Outlet(GO) - 2022 Q2 - Earnings Call Transcript
2022-08-10 10:17
Grocery Outlet Holding Corp. (NASDAQ:GO) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Arvind Bhatia – Vice President of Investor Relations Eric Lindberg – Chief Executive Officer RJ Sheedy – President Charles Bracher – Chief Financial Officer Conference Call Participants Krisztina Katai – Deutsche Bank Oliver Chen – Cowen and Company Robby Ohmes – Bank of America Jeremy Hamblin – Craig-Hallum John Heinbockel – Guggenheim Partners Simeon Gutman – Morgan Stanley Mark Carden ...
Grocery Outlet(GO) - 2022 Q1 - Earnings Call Transcript
2022-05-11 08:25
Grocery Outlet Holding Corp. (NASDAQ:GO) Q1 2022 Results Conference Call May 10, 2022 4:30 PM ET Company Participants Arvind Bhatia - VP, Investor Relations Eric Lindberg - Chief Executive Officer RJ Sheedy - President Charles Bracher - Chief Financial Officer Conference Call Participants Robbie Ohmes - Bank of America Kate McShane - Goldman Sachs John Heinbockel - Guggenheim Michael Kessler - Morgan Stanley Krisztina Katai - Deutsche Bank Mark Carden - UBS Mike Baker - D.A. Davidson Karen Short - Barclays ...