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.
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