secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001771515-22-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet Q1 net sales up 10.5% to $831.4M; comp store sales +5.2%
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- Net income $11.6M ($0.12 diluted EPS), down 38.7% YoY; adjusted net income $21.5M ($0.22 adjusted EPS), down 7%.
- Adjusted EBITDA rose 0.8% to $49.3M; opened 4 stores, ended quarter with 418 stores.
- CEO cites better-than-expected top and bottom line; sees strong traffic as consumers stretch dollars amid inflation.
- No updated guidance provided; company continues investments in future growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151522000053/0001771515-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151522000053/go-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001771515-22-000053

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