Grocery Outlet Holding (NASDAQ:GO) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Grocery Outlet Holding beat estimated earnings by 10.0%, reporting an EPS of $0.22 versus an estimate of $0.2.
Revenue was up $78.96 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 3.34% drop in the share price the next day.
Here's a look at Grocery Outlet Holding's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.2 | 0.22 | 0.24 | 0.22 |
| EPS Actual | 0.2 | 0.24 | 0.23 | 0.23 |
| Revenue Estimate | 778.40M | 782.13M | 775.55M | 757.63M |
| Revenue Actual | 782.70M | 768.88M | 775.53M | 752.47M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Grocery Outlet Holding management provided guidance for FY 2022, expecting earnings between $0.94 and $0.99 per share.
To track all earnings releases for Grocery Outlet Holding visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
