GO Intrinsic Stock Value – Grocery Outlet to Unveil Q3 Earnings: What’s in Store?

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Grocery Outlet Holding ($NASDAQ:GO) Corp. is a leading extreme-value retailer in the United States. The company is now set to release its third quarter earnings report, and investors are eager to see what’s in store. Grocery Outlet’s performance has been largely driven by the shift to online shopping, with many consumers turning to e-commerce for their grocery needs. This indicates that Grocery Outlet is well positioned to capitalize on the current environment.

In addition, the company’s focus on cost reduction initiatives should help it achieve further margins gains. Overall, with its resilient business model and strong competitive position in extreme value retail, Grocery Outlet is expected to deliver an impressive third quarter earnings report. Investors will be monitoring the company’s performance closely to see whether it can maintain its profitability and stronger-than-expected growth in the coming months.

Earnings

GROCERY OUTLET HOLDING is set to announce their Q3 earnings, with the latest report from FY2023 Q2 as of June 30 2021, showing total revenue of 775.54M USD and net income of 19.64M USD. Compared to the same period in the previous year, there has been a 13.6% decrease in total revenue and a 2.2% decrease in net income. However, GROCERY OUTLET HOLDING’s total revenue has seen significant growth over the last 3 years, increasing from 775.54M USD to 1010.26M USD. Shareholders will be eager to see whether this trend continues in the latest earnings report, or whether economic conditions have had a negative impact on the company’s performance.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for GO. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for GO. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for GO. More…

Key Ratios Snapshot

Some of the financial key ratios for GO are shown below. More…

Price History

Grocery Outlet Holding is set to unveil its third-quarter earnings on Monday. The stock opened at $28.3 and closed at the same rate, down just 0.3% from its prior closing price of $28.4. Investors will be watching closely to see how the company has performed in the third quarter and what might be in store for the future. This is a crucial time for Grocery Outlet Holding. The company has been struggling over the past few quarters, and the stock has been volatile as a result. It’s important that they are able to show investors that they are making progress and have a plan in place to turn things around.

If they are able to do so, it could help to boost investor confidence and drive the stock price up. Grocery Outlet Holding’s third-quarter earnings report could prove to be a make or break moment for the company. Investors will be looking for signs of progress and potential for future growth. If Grocery Outlet Holding is able to show that they are making progress, it could help to improve investor sentiment and drive the stock price higher. Live Quote…

Analysis – GO Intrinsic Stock Value

At GoodWhale, we’ve conducted a financial analysis of GROCERY OUTLET HOLDING to assess its intrinsic value. Our proprietary Valuation Line has calculated the intrinsic value of GROCERY OUTLET HOLDING stock to be around $36.2. However, the stock is currently trading at a price of $28.3, undervaluing the stock by 21.8%. This presents an attractive opportunity for investors, as the stock could be acquired at a discount to its true value. As such, we rate GROCERY OUTLET HOLDING a good buy. More…

Peers

The company was founded in 1946 and is headquartered in Emeryville, California. Grocery Outlet Holding Corp operates through two segments: Grocery Outlet and Bargain Market. The Grocery Outlet segment offers a variety of food and household products at discounts of up to 50% off traditional grocery store prices. The Bargain Market segment offers a selection of closeout, overstocked, and irregular merchandise at discounts of up to 70% off traditional retail prices. The company competes with Veroni Brands Corp, The Kroger Co, and Ollie’s Bargain Outlet Holdings Inc.

– Veroni Brands Corp ($OTCPK:VONI)

As of 2022, Veroni Brands Corp has a market cap of 47.4M. The company’s return on equity is 98.41%. Veroni Brands Corp is a food and beverage company that manufactures and markets a variety of food and beverage products. The company’s products include pasta, sauces, snacks, and desserts. Veroni Brands Corp is headquartered in New York, New York.

– The Kroger Co ($NYSE:KR)

The Kroger Co has a market cap of 33.33B as of 2022, a Return on Equity of 23.61%. The company is a leading grocery store chain in the United States with over 2,800 stores in 35 states. The company offers a wide variety of products and services including grocery, health and beauty, and general merchandise. Kroger also has a strong online presence with a website and mobile app that offer convenient shopping options for customers.

– Ollie’s Bargain Outlet Holdings Inc ($NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings Inc is a publicly traded company with a market cap of 3.37B as of 2022. The company operates a chain of closeout retail stores in the United States. As of February 2021, the company operated 259 stores in 27 states. The company was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.

Summary

Grocery Outlet has benefited from the increased demand for basic goods during the pandemic, and analysts are expecting the company’s sales to continue to rise over the coming months. Additionally, margins are expected to remain healthy as the company has implemented cost cutting measures. Despite positive outlook from analysts, Grocery Outlet is still facing headwinds, including increased competition from other discount retailers and potential supply chain disruptions. Investors should closely monitor Grocery Outlet’s Q3 earnings report for updates on how the company has navigated these challenging times.