NASDAQ$GO
Grocery Outlet Holding Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Grocery Outlet's Q2 2022 performance was strong, marked by increased net sales, comparable store sales, and adjusted EBITDA. The company also raised its fiscal year 2022 guidance.
Grocery Outlet Holding Corp. announced strong financial results for the second quarter of fiscal 2022. Net sales increased by 15.7% to $897.7 million, and comparable store sales increased by 11.2%. The company opened seven new stores, ending the quarter with 425 stores. Net income increased by 2.3% to $20.1 million, or $0.20 per diluted share. The company is raising its fiscal 2022 outlook on key metrics.
- Net sales increased by 15.7% to $897.7 million.
- Comparable store sales increased by 11.2%.
- The Company opened seven new stores, ending the quarter with 425 stores in eight states.
- Net income increased by 2.3% to $20.1 million, or $0.20 per diluted share.
Headline financials
Revenue & EPS history
Grocery Outlet · Revenue · Quarterly
$898M
Forward guidance
The Company is raising its fiscal 2022 outlook on key metrics.
Tailwinds
- Net sales are expected to be $3.46 billion to $3.48 billion.
- Comparable store sales increase is expected to be 8.0% to 8.5%.
- Gross margin is expected to be approximately 30.6%.
- Adjusted EBITDA is expected to be $218 million to $223 million.
- Adjusted earnings per share - diluted is expected to be $0.97 to $1.00.
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 Q2 2022
-1.9%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-3.3%
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% | — | |
| 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% | |
| Q1 2018 | +5.2% | +24.2% | -1.8% | |
| Q2 2019 | +5.2% | +24.2% | -1.8% | |
| Q2 2018 | +5.2% | +24.2% | -1.8% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro