Grocery Outlet's (GO) first-quarter 2022 results reflect a comparable store sales increase of 5.2%. Management anticipates 2022 comparable store sales growth in the band of 5.5% to 6.5%.
Grocery Outlet Holding Corp. (GO) delivered earnings and revenue surprises of 10% and 2.53%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
EMERYVILLE, Calif., May 10, 2022 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the first quarter of fiscal 2022 ended April 2, 2022. Highlights for First Quarter Fiscal 2022 as compared to the First Quarter Fiscal 2021: Net sales increased by 10.5% to $831.4 million.Comparable store sales increased by 5.2% and on a 3-year stacked basis increased 14.3%(1).The Company opened four new stores and closed one, en