The company is expected to report its latest quarterly earnings on Monday, May 4th, with a consensus estimate of $0.02 EPS.
Grocery Outlet Holding Corp.'s stock price is currently at $8.06, showing a price change of 4.53 cents and a 0.566% increase from the previous close. The trading volume is at $573,107, representing a 15.4% increase relative to the average.
The latest quarterly earnings, reported on Tuesday, March 3rd, revealed an earnings per share of -2.23, significantly below the consensus estimate of 0.21.
The company experienced a positive net change in cash of $14.41 million, with free cash flow at $6 million and operating cash flow at $89.57 million. Debt repayment amounted to $7.85 million.
With a revenue of $1.22 billion and a gross profit of $361 million, Grocery Outlet Holding Corp. faced an operating income loss of $234.79 million and a net income loss of $218.16 million.
Key financial ratios depict challenges, including negative profit margins and return on equity. The debt-equity ratio stands at 183.98, reflecting a high level of debt relative to equity.
The balance sheet shows total assets of $3 billion, with total liabilities at $2.11 billion and net debt at $1.74 billion.
This report encapsulates Grocery Outlet Holding Corp.'s financial status, highlighting both strengths and areas of concern.
Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of August 09, 2022, it had 425 stores in eight states. The company was founded in 1946 and is headquartered in Emeryville, California.