NASDAQ$GO

Grocery Outlet Holding Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Grocery Outlet's Q4 2019 financial results were announced, showcasing growth in net sales and comparable store sales, alongside increased net income and adjusted EBITDA.

Grocery Outlet reported a 12.0% increase in net sales to $655.5 million for Q4 2019, with a 5.1% increase in comparable store sales. Net income rose to $9.8 million, or $0.11 per diluted share, and adjusted EBITDA increased by 5.6% to $41.5 million. The company also opened ten new stores, expanding its total to 347 stores across six states.

  • Net sales increased by 12.0% to $655.5 million.
  • Comparable store sales increased by 5.1%.
  • Net income was $9.8 million, or $0.11 per diluted share.
  • Ten new stores were opened, bringing the total to 347 stores.

Headline financials

Total Revenue

$656M

Previous: $585M+12.0%
EPS (adj)

$0.21

Previous: -$0.06+450.0%
Comparable Store Sales

5.1%

Previous: 4.1%+24.4%
Total Stores

347

No prior period
New Store Openings

10

No prior period
Capital Expenditures

$25.8M

Previous: $23.7M+8.9%
Free Cash Flow

$2.58M

Previous: -$3.3M+178.0%
Net Income

$9.8M

Previous: -$4.61M+312.5%
Operating Income

$17M

Previous: $13.9M+22.8%
Gross Profit

$200M

Previous: $176M+13.7%
Cash & Equivalents

$28.1M

Previous: $21.1M+33.4%
Total Assets

$2.19B

Previous: $1.38B+58.7%
Stock-Based Comp

$5.59M

Previous: $10M-44.3%

Revenue & EPS history

Grocery Outlet · Revenue · Quarterly

$656M

Q4 2019+12%vs Q4 2018
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Forward guidance

Grocery Outlet is not providing formal 2020 earnings guidance due to the uncertainty surrounding the impact of the Coronavirus and related changes in customer shopping behavior. The company is encouraged by its strong liquidity position and the advantages of its business model, continuing to invest in long-term growth opportunities.

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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