Grocery Outlet Chows Down on 24.5% Net Sales, Beats Analyst Outlook
Grocery Outlet Holding (NASDAQ: GO) is trading up almost 2% after hours following a Q2 2020 earnings release revealing vigorous performance through June 27. Its $803.4 million in net sales left Q2 2019's results in the rearview mirror, rising 24.5% year over year. While analyst consensus expected solid revenues for the quarter, based on the company's strong growth potential, the results still outdid average expectations by approximately $22.9 million.
