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home / news releases / grocery outlet holding very negative on this ugo acq

GO - Grocery Outlet Holding: Very Negative On This UGO Acquisition In The Near Term

Grocery Outlet Holding Corp.

2024-03-15 10:48:39 ET

Summary

  • Sell rating for Grocery Outlet Holding due to operational challenges and plans to open 15-20 new stores in existing markets.
  • Negative view on the UGO acquisition, citing overpayment and doubts about synergies and operational capabilities.
  • High chance of missing FY24 guidance due to operational uncertainties and integration of UGO, as well as other ongoing challenges.

Investment overview

For further details see:

Grocery Outlet Holding: Very Negative On This UGO Acquisition In The Near Term
Stock Information
Company Name: Grocery Outlet Holding Corp.
Stock Symbol: GO
Market: NYSE
Website: groceryoutlet.com
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