between 73 cents and 74 cents per share, up from its prior range of 68 cents to 71 cents per share. Grocery Outlet expects same store sales growth of approximately 4.9%, exceeding its prior range of 3% to 4%. The company expects adjusted EBITDA between $167 million and 168 million, also up from its prior range of $162 million to $165.5 million.
In its third quarter, the company posted a same store sales increase of 5.8% and a net sales increase of 13.1%, amounting to $652.5 million. Adjusted EBITDA came in at $44.2 million, representing a 13.2% increase compared to the same quarter a year ago.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong Stocks Fall as Violence BuildsViolence in Hong Kong triggered the largest drop in local stocks since August on Monday, while concerns around U.S.-China trade negotiations continue to weigh on equities across the globe. If we burn, chinazi will burn with us No one’s talking about the man set on fire by the protesters lol. The police fired at the students，this is too crazy
Source: WSJ - 🏆 98. / 63 Read more »
European stocks seen lower on dampened trade hopesEuropean markets looked set to open lower Monday morning amid a dampening of optimism over U.S.-China trade, after U.S. President Donald Trump denied that he had agreed to roll back tariffs on Chinese goods.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street may be growing too complacent on stocks as bets against volatility hit a recordTraders may be a bit too relaxed about the risks facing the stock market heading into the end of the year, and that could come back to burn them. realDonaldTrump deregulated Wall Street. It was deregulated when Wall Street brought the world down in early 2000’s. The Global Meltdown was caused by fake securities and enticing fake bond ratings. Wall Street did NOT endorse protections for investors. It’s now a Full Circle. If you’re not worried about investors being overly optimistic, you’re not a good investor MondayMood Pleas,,pleas,,
Source: CNBC - 🏆 12. / 72 Read more »
Weak 2019 earnings growth paves the way for a strong 2020 earnings picture, boosting stocksAs forward earnings estimates have fallen since the start of October, stocks have rallied.
Source: CNBC - 🏆 12. / 72 Read more »
Once a source of panic, the yield curve is validating stocks' comeback and may crown the winnersIt's no coincidence that investors are getting more positive on the stock market as the yield curve has been steepening. NorthmanTrader what do you think of this? We saw a year between 2007’s inversion and the inevitable in Sept 2008. Rates were 4%. Now we weren’t even able to sustain at 2.5%
Source: CNBC - 🏆 12. / 72 Read more »