Grocery Outlet (NYSE:GO) announced its quarterly earnings data on Monday. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03, Briefing.com reports. The firm had revenue of $652.50 million during the quarter, compared to the consensus estimate of $652.60 million. Grocery Outlet’s quarterly revenue was up 13.1% compared to the same quarter last year. Grocery Outlet updated its FY19 guidance to $0.73-$0.74 EPS.
Shares of NYSE:GO traded up $2.27 during trading on Tuesday, hitting $33.27. 62,948 shares of the company traded hands, compared to its average volume of 759,700. The stock has a fifty day simple moving average of $33.04. Grocery Outlet has a one year low of $27.75 and a one year high of $47.57.
In other news, EVP Thomas H. Mcmahon sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $32.72, for a total transaction of $1,636,000.00. Also, CAO Pamela B. Burke sold 26,470 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $32.72, for a total value of $866,098.40. Insiders have sold 12,119,742 shares of company stock valued at $396,557,958 over the last ninety days.
Grocery Outlet Company Profile
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.
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