Grocery Outlet Holding Corp   (GO)
Other Ticker:  
    Sector  Retail    Industry Grocery Stores
   Industry Grocery Stores
   Sector  Retail
Price: $26.0000 $0.01 0.038%
Day's High: $26.11 Week Perf: 0.04 %
Day's Low: $ 25.77 30 Day Perf: 2.24 %
Volume (M): 1,389 52 Wk High: $ 36.54
Volume (M$): $ 36,117 52 Wk Avg: $28.89
Open: $26.03 52 Wk Low: $23.41

 Market Capitalization (Millions $) 2,625
 Shares Outstanding (Millions) 101
 Employees 10,000
 Revenues (TTM) (Millions $) 3,909
 Net Income (TTM) (Millions $) 81
 Cash Flow (TTM) (Millions $) 48
 Capital Exp. (TTM) (Millions $) 180

Grocery Outlet Holding Corp
Grocery Outlet Holding Corp is an American chain of discount supermarkets that specializes in the sale of surplus and closeout inventory from other retailers. The company was founded in San Francisco in 1946 as a small grocery store, but it has since expanded to over 300 locations in several states across the country.

The primary focus of the company is to sell fresh and packaged food items, including produce, meat, dairy, and bakery products at lower prices than traditional supermarkets. The company's buying team sources products from different retailers, manufacturers, and distributors that have overstock or discontinued items. This allows for the selling of bulk quantities of products at incredibly low prices, which means customers can often find deals on name-brand items that they would usually pay much more for at other stores.

In addition to food items, Grocery Outlet Holding Corp also carries health products, household items, pet food, and personal care products in its stores. The company also features a selection of organic and specialty goods, and it caters to customers who are looking for vegan, gluten-free, or other dietary restrictions.

Grocery Outlet Holding Corp has a unique business model when it comes to the management of its stores. Instead of owning all its stores, the company primarily works with independent operators. Once an operator has been approved by Grocery Outlet, they receive significant support like inventory, logistics, marketing, and other training tools from the company at large.

The success of Grocery Outlet Holding Corp lies in its ability to offer significant discounts on high-quality products. The company's buying team takes advantage of retail surplus and passing that along to the consumers. The company has invested heavily over the years to ensure that its stores are well-stocked and well-organized, allowing customers to find what they need quickly.

Overall, Grocery Outlet Holding Corp is a fascinating company that has been able to become a wildly successful discount retail chain across the US by providing great deals and serving unique niches in the shopping landscape.

   Company Address: 5650 Hollis Street Emeryville 94608 CA
   Company Phone Number: 845-1999   Stock Exchange / Ticker: NASDAQ GO
   GO is expected to report next financial results on February 29, 2024.


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Merger and Acquisition

Acquisition Will Expand Company's Footprint into New Adjacent Markets in the Southeast

Published Thu, Feb 15 2024 9:30 PM UTC

Grocery Outlet Holding Corp, a company renowned for its business model of offering discounted and bargain-priced groceries, is set to expand its presence into new adjacent markets in the Southeast with the recent acquisition of United Grocery Outlet. This strategic move positions Grocery Outlet as a major player in the region and opens up new avenues for growth and mark...

Product Service News

New Horizons for Grocery Outlet: CFO Transition Ensures Continued Growth amidst Strategic Constancy.

Published Mon, Dec 11 2023 9:30 PM UTC

Grocery Outlet Holding Corp., America?s fastest-growing, extreme-value grocery retailer, announced their seasoned Chief Financial Officer, Charles Bracher, will be stepping down, effective from March 1, 2024. This shift is in response to Bracher choosing to embrace a new opportunity. As they prepare to navigate this executive shift, the company maintains that the financ...

Product Service News

Grocery Outlet Expands into Ohio's Market with New Store Amidst Fierce Competition

Published Thu, Nov 16 2023 2:02 PM UTC

In recent news, Grocery Outlet Holding has made a significant stride in their ambitious national expansion plans with the opening of their first store in Ohio. This move marks Grocery Outlet's ninth state entry, showcasing the company's continued efforts to solidify its position in the fiercely competitive grocery industry.
With a proven track record of success, Gro...

Grocery Outlet Holding Corp

Grocery Outlet Holding Corp Achieves Remarkable Top-Line Surge in Fiscal Q3 2023

Grocery Outlet Holding Corp is a company that operates in the grocery store sector. In the third quarter of the 2023 earnings season, the company experienced a significant increase in earnings per share (EPS) of 58.82% to $0.27. This growth in EPS was accompanied by a 9.378% increase in revenue to $1.00 billion, compared to $917.64 million in the previous year's reporting season.
What sets Grocery Outlet Holding Corp apart from its peers in the grocery store sector is its faster business advancement. While most businesses in the sector saw an average rise of 0.10% in the third quarter of 2023 relative to the same period a year ago, GO's business performed exceptionally well. This demonstrates the company's ability to outperform its competitors and capture a larger market share.


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