Grocery Outlet Holding Corp. (NASDAQ:GO) is reporting second quarter financial results on Monday 10th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, GO is expected to report 2Q20 income of $ 0.23 per share from revenue of $ 781.02 million.
For the full year, analysts anticipate top line of $ 3058.79 million, while looking forward to income of $ 1.02 per share bottom line.
Previous Quarter Performance
Grocery Outlet Holding Corp. unfold income for the first quarter of $ 0.36 per share, from the revenue of $ 760.31 million. Street analysts expected Grocery Outlet Holding Corp. to report income of $ 0.25 per share on revenue of $ 755.59 million for the first quarter. The bottom line results beat street analysts by $ 0.11 or 44.00 percent, at the same time, top line results outshined analysts by $ 4.72 million or 0.62 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GO was $ 45.02, representing a 60.16 % increase from the 52 week low of $ 28.11 and a 5.38 % decrease over the 52 week high of $ 47.58.
The company has a market capital of $ 4.09 billion and is part of the Consumer Defensive sector and Grocery Stores industry.
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Conference Call
Grocery Outlet Holding Corp. will be hosting a conference call at 4:30 PM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.groceryoutlet.com
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.
