Investing.com - Grocery Outlet reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Grocery Outlet announced earnings per share of $0.27 on revenue of $918.2M. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $878.5M.
Grocery Outlet shares are down 35% from the beginning of the year , still down 26.12% from its 52 week high of $46.37 set on Monday, August 8, 2022.
Grocery Outlet follows other major Consumer Staples sector earnings this month
Grocery Outlet's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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