Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2021 Financial Results
EMERYVILLE, Calif., May 11, 2021 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the first quarter of fiscal 2021 ended April 3, 2021. Highlights for First Quarter Fiscal 2021 as compared to the First Quarter Fiscal 2020: Net sales decreased by 1.0% to $752.5 million.Comparable store sales decreased by 8.2% compared to a 17.4% increase in the same period last year.The Company opened 10 new stores and closed one store, ending the quarter with 389 stores in six states.Net income increased 49.4% to $18.9 million, or $0.19 per diluted share.Adjusted EBITDA(1) decreased 13.7% to $48.8 million.Ad
