$Grocery Outlet (GO.US)$Since its listing in 2019, the reven...
$Grocery Outlet (GO.US)$Since its listing in 2019, the revenue has grown for 4 years except for a 1.8% contraction in 2021, with an average growth rate of 11.8%. Operating profit has fluctuated and grown, with an average growth rate of 3.6% over 4 years. Net income reached a high point of 0.11 billion in 2020 before sharply dropping by 41.6%, then recovering with a growth of 4.4% in 2022.
Revenue in Q1 2023 increased by 16.1%, operating profit increased by 68.9%, and net income grew by 18.5%.
The current PE ratio is 50, while the trailing PE ratio has decreased to 48.6. Due to the rapid growth for only one quarter, it may be advisable to observe several more financial reports before making a decision.
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