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Dec 28, 2019
Grocery Outlet Q4 2019 Earnings Report
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.
Key Takeaways
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.
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
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Avg. Return Before/After Earnings
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