earnings
confidence high
sentiment positive
materiality 0.70
Grocery Outlet Q2 net sales up 15.7%, comp +11.2%; raises FY2022 guidance
Grocery Outlet Holding Corp.
2022-Q2 EPS reported
$0.32
revenue$1,729,086,000
- Net sales $897.7M, +15.7% YoY; comparable store sales +11.2%.
- Net income $20.1M (+2.3%); diluted EPS $0.20.
- Adjusted EBITDA $60.1M (+18.3%); adjusted diluted EPS $0.29 (+23.6%).
- Opened 7 new stores; total 425 stores in 8 states.
- Raises fiscal 2022 guidance; CEO cites inflation-driven customer demand.