NASDAQ$GO
Grocery Outlet Holding Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Net sales increased, comparable store sales grew, and new stores opened.
Grocery Outlet reported a 6.3% increase in net sales to $989.8 million and a 2.7% increase in comparable store sales, driven by a 7.5% increase in transactions. The company opened 13 new stores, ending the quarter with 468 stores. Net income decreased 11.2% to $14.1 million, or $0.14 per diluted share.
- Net sales increased by 6.3% to $989.8 million.
- Comparable store sales increased by 2.7%, driven by a 7.5% increase in transactions.
- The Company opened 13 new stores, ending the quarter with 468 stores in nine states.
- Net income decreased 11.2% to $14.1 million, or $0.14 per diluted share.
Headline financials
Revenue & EPS history
Grocery Outlet · Revenue · Quarterly
$990M
Forward guidance
The Company is providing the following outlook for fiscal 2024, assuming the acquisition of UGO early in the second quarter of fiscal 2024: New store openings, net(2)55 to 60Net sales(3)$4.30 billion to $4.35 billionComparable store sales increase3.0% to 4.0%Gross margin~31.3%Adjusted EBITDA(1)(4)$275 million to $283 millionAdjusted earnings per share — diluted(1)$1.14 to $1.20Capital expenditures (net of tenant improvement allowances)(5)~$170 million
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 2023
-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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