Grocery Outlet's (GO) Q2 Earnings Beat, Comps Jump 2.9% Y/Y
Grocery Outlet(GO) ZACKS·2024-08-07 22:02
Shares of Grocery Outlet Holding Corp. (GO) advanced 11.9% during the after-market trading session on Aug 6 following second-quarter 2024 results. Both the top and bottom lines surpassed the Zacks Consensus Estimate. While net sales improved, earnings declined from the year-ago period. Management did highlight that disruptions due to the implementation of new technology platforms hurt the gross margin in the quarter, but it anticipates no adverse impacts on operations in the second half of 2024. Q2 Insights ...