secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001771515-24-000148
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q3 net sales +10.4% to $1.11B; comps +1.2%; net income -10.9%; $100M buyback authorized
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- Net sales $1.11B (+10.4% YoY); comparable store sales +1.2% on 2.0% transaction growth.
- Net income $24.2M (-10.9%); diluted EPS $0.24; adjusted diluted EPS $0.28 (-10.1%).
- Adjusted EBITDA $72.3M (+6.0%), or 6.5% of net sales; gross margin down 30bps to 31.1%.
- Board approved $100M share repurchase program, replacing 2021 plan with $9.4M remaining.
- Opened 5 stores, ending Q3 with 529 stores in 16 states; fiscal 2024 guidance updated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151524000148/0001771515-24-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151524000148/go-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001771515-24-000148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer