Grocery outlet holding corp. announces unaudited consolidated earnings results for the third quarter and nine months ended september 30, 2019; provides net sales guidance for the fiscal year 2019

Grocery outlet holding corp. announced unaudited consolidated earnings results for the third quarter and nine months ended september 30, 2019. for the quarter, the company reported net sales were $652,540,000 against $576,844,000 a year ago. income from operations was $23,948,000 against $24,087,000 a year ago. net income and comprehensive income was $12,445,000 against $7,669,000 a year ago. basic earnings per share was $0.14 against $0.11 a year ago. diluted earnings per share was $0.13 against $0.11 a year ago. for the nine months, the company reported net sales were $1,904,100,000 against $1,702,460,000 a year ago. income from operations was $51,339,000 against $68,616,000 a year ago. net income and comprehensive income was $5,587,000 against $20,480,000 a year ago. basic earnings per share was $0.07 against $0.3 a year ago. diluted earnings per share was $0.07 against $0.3 a year ago.for the fiscal year 2019, the company expects net sales to be slightly above $2.55 billion against prior guidance of $2.50 billion to $2.53 billion.
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