Grocery Outlet Posts 20c Adjusted EPS in Q2
GO sits 81% above its 52-week low of $5.655.
Summary
Grocery Outlet reported Q2 adjusted EPS of 20 cents, beating estimates on new store openings. This follows a brutal Q1 that included a $180.3M net loss, a $158M goodwill impairment, and plans to close 36 stores. Q2 sales were $1.19B, EPS was 6c, and comparable store sales declined by 0.3%. The company sees FY26 sales of $4.7B-$4.72B. The Q2 profit is a sharp reversal and suggests the turnaround is gaining traction.
At the time of this announcement, GO was trading at $10.24 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1B. The 52-week trading range was $5.66 to $19.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.