US39874R1014 - Common Stock
28.94 +0.08 (+0.28%)
After market: 28.94 0 (0%)
GROCERY OUTLET HOLDING CORP
NASDAQ:GO (9/28/2023, 7:00:01 PM)After market: 28.94 0 (0%)
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Grocery Outlet Holding Corp. engages in the operation of retail stores in the United States. The company is headquartered in Emeryville, California and currently employs 864 full-time employees. The company went IPO on 2019-06-20. The firm operates approximately 440 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, Maryland and New Jersey. The Company’s product offering includes staples, across grocery, produce, refrigerated and frozen foods, beer and wine, fresh meat and seafood, general merchandise, and health and beauty care. These products include a wide selection of Natural, Organic, Specialty and Healthy (NOSH) products. The company operates eight distribution centers, three of which it operates and five of which are operated by third parties. The company has an in-house transportation fleet as well as transportation partner relationships that provide deliveries to its stores. The firm is focused on centralized marketing efforts primarily on digital ads, social media, television, and radio commercials, print circulars, and in-store and outdoor signage.
GROCERY OUTLET HOLDING CORP
5650 Hollis St
Emeryville CALIFORNIA 94608
CEO: Eric J. Lindberg
The heavy selling pressure might have exhausted for Grocery Outlet Holding Corp. (GO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Grocery Outlet stock raced 41% higher in the first half of this year, rising from an intraday low 25.91 on March 1 to 36.54 on Aug. 9.
Kimberly-Clark, Albertsons Companies, Ollie's Bargain Outlet and Grocery Outlet Holding are part of the Zacks Industry Outlook article.
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