November 12, 2020
Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2020 Financial Results
- Net sales increased 17.1 percent to $764.1 million
- Comparable store sales increased 9.1 percent
- Net income increased 225.2 percent to $40.5 million
- Adjusted net income increased 141.8 percent to $49.9 million
- Adjusted EBITDA increased 25.1 percent to $55.3 million
Grocery Outlet Holding Corp. announced financial results for the third quarter of fiscal 2020 ended Sept. 26, 2020. For the Third Quarter Ended Sept. 26, 2020.
Eric Lindberg, CEO of Grocery Outlet, stated, “I am extremely proud of our strong execution throughout the third quarter as our corporate teams and IOs continue to focus on what we do best: offering exciting deals and delivering exceptional value to our customers. While we continue to navigate Covid, we are actively reinvesting in our people and operational initiatives in support of our long-term growth objectives. We remain excited about our ample white space for retail expansion and the opportunity to continue to deliver tremendous values to our loyal customers.”
For more information, visit the company’s official press release.