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Grocery Outlet Holding: Poor SSS Growth Outlook For The Near Term
GOGrocery Outlet(GO) Seeking Alpha·2024-08-21 11:08

Images By Tang Ming Tung Investment overview I wrote about Grocery Outlet Holding (NASDAQ:GO) previously (29 May 2024) with a sell rating as I was very uncertain about how same-store-sales [SSS] performance was going to be and that the business may miss FY24 guidance. Fast-forward to today, and the share price has gone down as I had expected. I continue to be negative about GO, as I expect SSS growth to be poor in the near term, given that the trade-down motion is over and the industry is getting more compe ...