Grocery Outlet Q3 Earnings & Sales Beat Estimates, Comps Jump 1.2%
Grocery Outlet(GO) ZACKS·2024-11-06 21:26
Shares of Grocery Outlet Holding Corp. (GO) advanced 4.7% during the after-market trading session on yesterday following third-quarter 2024 results. Both top and bottom lines surpassed the Zacks Consensus Estimate. While net sales improved, earnings declined from the year-ago period. The company’s net sales growth in the third quarter highlights the strong positioning of its consumer offering, with value continuing to resonate in the market and driving growth in consumer non-discretionary spending share.GO’ ...