Grocery Outlet Holding Corp. (GO) Q2 2024 Earnings Call Transcript Summary
Grocery Outlet Holding Corp. (GO) Q2 2024 Earnings Call Transcript Summary
Adjusted EBITDA increased by 6% to $72.3 million, with an adjusted EBITDA margin of 6.5% of net sales, while GAAP net income reached $24.2 million or $0.24 per fully diluted share.The following is a summary of the Grocery Outlet Holding Corp. (GO) Q2 2024 Earnings Call Transcript:
以下是雜貨店控股公司（GO）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Grocery Outlet reported Q3 net sales increasing 10.4% to $1.11 billion with a 1.2% increase in comparable store sales, representing 7.6% comp growth on a two-year basis.
Gross profit grew 9.2% to $344.9 million with gross margin at 31.1%, 20 basis points improvement from Q2.
Adjusted EBITDA increased by 6% to $72.3 million, with an adjusted EBITDA margin of 6.5% of net sales, while GAAP net income reached $24.2 million or $0.24 per fully diluted share.
Despite positive trends, full year guidance was adjusted due to execution issues and competitive environment, now expecting lower full-year adjusted EBITDA and comp sales growth outlook.
雜貨直銷店報告稱，第三季度淨銷售額增長了10.4％，達到11.1億美元，同比門店銷售額增長了1.2％，相當於兩年內增長7.6％。
毛利增長9.2％，達到3.449億美元，毛利率爲31.1％，比第二季度提高了20個點子。
調整後的息稅折舊攤銷前利潤增長了6％，達到7,230萬美元，調整後的息稅折舊攤銷前利潤率爲淨銷售額的6.5％，而GAAP淨收益達到2,420萬美元，攤薄後每股收益爲0.24美元。
儘管有積極的趨勢，但由於執行問題和競爭環境，全年預期有所調整，現在預計全年調整後的息稅折舊攤銷前利潤和公司銷售增長前景會降低。
Business Progress:
業務進展：
Launched contiguous enhancements in SAP systems, focusing on refining tools for better operational efficiency and supporting independent operators.
Opened five new stores, increasing total store count to 529 with continued plans for significant new store openings and organic growth.
Management emphasized maintaining a robust opportunistic buying environment and undertaking initiatives to ensure continuous restoration of a strong value proposition.
對 SAP 系統進行了持續改進，重點是完善工具以提高運營效率和支持獨立運營商。
開設了五家新門店，使門店總數增加到529家，並繼續計劃大規模開設新門店和實現有機增長。
管理層強調維持穩健的機會主義購買環境，並採取舉措確保持續恢復強勁的價值主張。
Opportunities:
機會：
Grocery Outlet's closeout buying environment remains very strong, which allows for consistent growth and maintains profitable margins.
Remains poised to capitalize on consumer prioritization of value in challenging economic conditions, with a significant opportunity to infuse newly acquired United Grocery Outlet stores with increased product offerings.
Grocery Outlet的收盤購買環境仍然非常強勁，這允許持續增長並保持利潤率。
在充滿挑戰的經濟條件下，仍然準備利用消費者對價值的優先考慮，爲新收購的聯合雜貨直銷店注入更多產品供應的重大機會。
Risks:
風險：
Executing on strategic initiatives and recovering full system functionality pose ongoing challenges.
The systems transition has been costly, requiring significant additional investment in both internal and external resources.
執行戰略計劃和恢復全部系統功能構成了持續的挑戰。
系統過渡成本高昂，需要對內部和外部資源進行大量額外投資。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
溫馨提示：欲了解更多詳情，請參閱投資者關係網站。本文僅供投資者參考，沒有任何指導或建議建議。
譯文內容由第三人軟體翻譯。
