GO - Grocery Outlet GAAP EPS of $0.20 beats by $0.07 revenue of $897.7M beats by $37.9M

• Grocery Outlet press release ( NASDAQ: GO ): Q2 GAAP EPS of $0.20 beats by $0.07 .
• Revenue of $897.7M (+15.8% Y/Y) beats by $37.9M .
• The Company  fiscal 2022 outlook

• Previous

  Revised

  New store openings, net

  28

  28

  Net sales

  $3.39 billion to $3.42 billion

  $3.46 billion to $3.48 billion

  Comparable store sales increase

  5.5% to 6.5%

  8.0% to 8.5%

  Gross margin

  ~30.6%

  ~30.6%

  Adjusted EBITDA (1)

  $213 million to $220 million

  $218 million to $223 million

  Adjusted earnings per share — diluted (1)

  $0.94 to $0.99

  $0.97 to $1.00

  Capital expenditures (net of tenant improvement allowances)

  ~$115 million

  ~$115 million

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