Grocery Outlet Holding: Q4 Earnings Insights

Grocery Outlet Holding GO reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.

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

Earnings

Grocery Outlet Holding reported in-line EPS of $0.2 versus an estimate of $0.2.

Revenue was up $24.12 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 12.26% increase in the share price the next day.

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

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Grocery Outlet Holding management provided guidance for their next quarter, expecting earnings between $0.92 and $0.97 per share for the next quarter.

This represents a 372.5% in quarter-over-quarter growth for Grocery Outlet Holding, a bullish signal to many investors.

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