GO - Grocery Outlet Q1 results beat estimates co raises FY 2023 guidance
2023-05-09 16:27:36 ET
- Grocery Outlet press release ( NASDAQ: GO ): Q1 Non-GAAP EPS of $0.27 beats by $0.04 .
- Revenue of $965.5M (+16.1% Y/Y) beats by $16.47M .
- Comparable store sales increased by 12.1%.
- Now sees FY 2023 revenue of ~$3.90 billion. GO had guided FY 2023 revenue of $3.85B to $3.90B. The consensus estimate is $3.89B.
- Now sees FY 2023 comparable store sales growth of 5.0% to 6.0%. GO had guided FY 2023 comparable store sales increase of 4.5% to 5.5%.
- Now sees FY 2023 adj. EPS of $0.96 to $1.00. GO had guided FY 2023 adj. EPS of $0.94 to $0.99. The consensus estimate is $0.98.
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Grocery Outlet Q1 results beat estimates, co raises FY 2023 guidance