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Grocery Outlet shared its earnings for last quarter, showing a 0.9% rise in sales to $1.18 billion.

ResultsRead the original at Benzinga
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Grocery Outlet returned to comparable-sales growth and expects it to continue in Q4. Smaller baskets, a produce outbreak, and freight pressure temper the progress, but traffic growth and profit results within expected ranges support improvement.

GO · Grocery Outlet Holding

AI read · Good for GO

The AI's read

More shoppers came through stores, but each bought less on average. A produce outbreak and greater-than-expected freight pressure also weighed on results. Profit measures were within company expectations, and Grocery Outlet expects comparable sales growth to continue in Q4. The signs of recovery outweigh these setbacks.

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