Grocery Outlet Q3: Net sales up 9.3%, comp sales +6.4%, EPS $0.27, adjusted EBITDA +20%

Grocery Outlet Holding Corp.

2023-Q3 EPS reported $0.65 revenue$2,979,635,000

Net sales rose 9.3% to $1.00B; comparable store sales increased 6.4% (transactions +8.6%, avg ticket -1.9%).
GAAP net income $27.1M ($0.27 diluted EPS), up 55.1%; adjusted EBITDA $68.1M, up 20.0%.
Gross margin expanded 80 bps to 31.4%; late-August tech disruption hurt comp sales by ~150 bps and margin by 50 bps.
Opened 8 new stores in Q3, ending with 455 stores; company updated fiscal 2023 guidance (specifics not in excerpt).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Grocery Outlet Holding Corp. reported the third quarter of fiscal 2023 ended September 30, 2023 results: revenue Net sales increased by 9.3% to $1.00 billion, net income Net income increased 55.1% to $27.1 million, or $0.27 per diluted share, EPS $0.27 per diluted share.

Period: the third quarter of fiscal 2023 ended September 30, 2023
Revenue: Net sales increased by 9.3% to $1.00 billion
Net income: Net income increased 55.1% to $27.1 million, or $0.27 per diluted share
EPS: $0.27 per diluted share
Result: reported results

Exact text from the filing

forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2023 Financial Results Net sales increased 9.3% Comparable store sales increased 6.4% GAAP net income increased 55.1% with diluted EPS of $0.27 Adjusted EBITDA (1) increased 20.0% to $68.1 million Company updates key guidance

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Source: SEC EDGAR

accession 0001771515-23-000101

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