Grocery Outlet Holding: Q1 Earnings Insights

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Grocery Outlet Holding GO reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Grocery Outlet Holding beat estimated earnings by 17.39%, reporting an EPS of $0.27 versus an estimate of $0.23.

Revenue was up $134.04 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 2.26% drop in the share price the next day.

Here's a look at Grocery Outlet Holding's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.23 0.25 0.24 0.20
EPS Actual 0.25 0.27 0.29 0.22
Revenue Estimate 907.49M 878.46M 860.15M 810.17M
Revenue Actual 930.83M 918.18M 897.70M 831.43M

To track all earnings releases for Grocery Outlet Holding visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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