Grocery Outlet Holding: Q1 Earnings Insights

Grocery Outlet Holding GO reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.

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

Grocery Outlet Holding beat estimated earnings by 10.0%, reporting an EPS of $0.22 versus an estimate of $0.2.

Revenue was up $78.96 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 3.34% drop in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.2	0.22	0.24	0.22
EPS Actual	0.2	0.24	0.23	0.23
Revenue Estimate	778.40M	782.13M	775.55M	757.63M
Revenue Actual	782.70M	768.88M	775.53M	752.47M

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).

Grocery Outlet Holding management provided guidance for FY 2022, expecting earnings between $0.94 and $0.99 per share.

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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