Grocery Outlet: Weak Quarter, Long-term Play
While revenue fell below expectations, Grocery Outlet's earnings skyrocketed ahead of expectations. the company still trades at 1.2x sales and looks to be a medium conviction play.
When considering the consolidation in the grocery space in general, as well as FCF for reinvestment, it's worth thinking about the buyout potential for a mid-tier regional looking to expand their footprint. I think of a comparable, Costco (
COST) performance has done insanely well this year.
When considering the consolidation in the grocery space in general, as well as FCF for reinvestment, it's worth thinking about the buyout potential for a mid-tier regional looking to expand their footprint. I think of a comparable, Costco (
COST) performance has done insanely well this year. 
Pierce Crosby
GM, Americas @ TradingView
GM, Americas @ TradingView
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