Grocery Outlet reports Q3 adjusted EPS 27c, consensus 26c

Reports Q3 revenue $918.2M, consensus $880.77M. Eric Lindberg, CEO of Grocery Outlet, commented, "I’m extremely pleased with the results we delivered and the continued momentum in our business, especially the uptick in transaction count. Our value offering is clearly resonating with an increasing number of families looking for ways to stretch their dollar to offset the impact of inflation on their lives. I want to thank our extended Grocery Outlet family, including our IOs, their employees, and our team members across our corporate office, field and supply chain, for delivering on our mission of Touching Lives for the Better. I couldn’t be more confident in the team we have and how well we are positioned as we embark on our next chapter of growth."