NASDAQ$GO
Grocery Outlet Holding Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Grocery Outlet announced financial results for the first quarter of fiscal 2021.
Grocery Outlet's first quarter fiscal 2021 saw a slight decrease in net sales by 1.0% to $752.5 million, but a significant increase in net income by 49.4% to $18.9 million, or $0.19 per diluted share. The company opened 10 new stores, ending the quarter with 389 stores. Comparable store sales decreased by 8.2% compared to a 17.4% increase in the same period last year.
- Net sales decreased by 1.0% to $752.5 million.
- Comparable store sales decreased by 8.2% compared to a 17.4% increase in the same period last year.
- The Company opened 10 new stores and closed one store, ending the quarter with 389 stores in six states.
- Net income increased 49.4% to $18.9 million, or $0.19 per diluted share.
Headline financials
Revenue & EPS history
Grocery Outlet · Revenue · Quarterly
$752M
Forward guidance
The Company continues to expect to open between 36 and 38 stores in fiscal 2021 with one closure. Quarter-to-date comparable store sales for the second quarter of fiscal 2021 are in the negative low double digits. Capital expenditures, net of tenant improvement allowances, are estimated to be approximately $130.0 million for fiscal 2021. The Company will report 52 weeks of operating results in fiscal 2021 compared to 53 weeks in fiscal 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-1.9%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-2.6%
Avg return
30 days after
53%
17 / 32 earnings
Positive
+13.4%
Q3 2021
Best reaction
-30.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -4.7% | +20.4% | |
| Q4 2025 | -28.1% | -28.1% | -17.9% | |
| Q3 2025 | -8.1% | -18.2% | -20.0% | |
| Q1 2025 | -6.3% | -13.2% | -16.2% | |
| Q4 2024 | -30.2% | -28.0% | -15.8% | |
| Q3 2024 | +11.8% | +23.5% | +30.3% | |
| Q2 2024 | +7.4% | +7.2% | -7.0% | |
| Q1 2024 | -19.1% | -19.1% | -17.2% | |
| Q4 2023 | +0.6% | +1.5% | +10.7% | |
| Q3 2023 | -4.0% | -2.9% | +4.5% | |
| Q2 2023 | +4.2% | +3.4% | -8.9% | |
| Q1 2023 | +4.4% | +0.8% | -6.0% | |
| Q4 2022 | -4.4% | -0.2% | +2.1% | |
| Q3 2022 | -5.6% | -8.9% | -12.8% | |
| Q2 2022 | -7.2% | -10.7% | -16.7% | |
| Q1 2022 | +10.5% | +14.5% | +14.6% | |
| Q4 2021 | -2.1% | +5.4% | +17.9% | |
| Q3 2021 | +13.4% | +21.1% | +19.9% | |
| Q2 2021 | -12.4% | -15.4% | -20.9% | |
| Q1 2021 | -19.9% | -15.8% | -17.7% | |
| Q3 2020 | -2.4% | -6.8% | -8.6% | |
| Q2 2020 | -5.2% | -4.8% | -12.5% | |
| Q1 2019 | +0.6% | +2.3% | -9.6% | |
| Q1 2020 | +2.1% | +2.2% | -7.5% | |
| Q4 2018 | +6.7% | +1.8% | +5.1% | |
| Q4 2017 | +6.7% | +1.8% | +5.1% | |
| Q4 2019 | +6.3% | +7.4% | +7.7% | |
| Q3 2018 | +1.9% | +1.8% | -1.7% | |
| Q3 2019 | +4.8% | +1.4% | +2.7% | |
| Q2 2019 | +5.2% | +24.2% | -1.8% | |
| Q2 2018 | +5.2% | +24.2% | -1.8% | |
| Q1 2018 | +5.2% | +24.2% | -1.8% |
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