Grocery Outlet Holding Corp. Dividend History (GO)
Grocery Outlet Holding Corp. does not pay dividends currently 😔
They might in the future, check back soon!
About Grocery Outlet Holding Corp.
Grocery Outlet Holding Corp., often known simply as Grocery Outlet, is a well-established American discount supermarket chain founded in 1946 by Jim Read. Headquartered in Emeryville, California, this company operates on a unique business model, selling deeply discounted products through a network of locally-owned and operated stores. As of late, the CEO of Grocery Outlet is Eric Lindberg, who is committed to the company's mission of offering value-conscious consumers brand-name groceries at lower prices than traditional retailers. The stores typically carry a wide variety of products, from pantry staples to fresh produce, often featuring unexpected finds that add to the treasure-hunt shopping experience. Grocery Outlet continues to expand its footprint across the United States, with revenues reflecting steady growth as more customers seek affordable grocery options.
Grocery Outlet Holding Corp. has faced operational disruptions and rising expenses, leading to a decline in gross margin and a downward revision in its earnings forecast. The company's stock has underperformed the industry and the broader market, and it is trading at a premium valuation compared to the industry average.
Zacks Investment Research · Published on Mon Jul 08 2024