Grocery Outlet reports Q4 EPS 25c, consensus 23c

Reports Q4 revenue $930.83M, consensus $907.49M. Reports Q4 comparable store sales grew 15.1% driven by a 10.0% increase in transactions. "We are very pleased with our fourth quarter results and the strong momentum in our business," said RJ Sheedy, President and CEO of Grocery Outlet. "Our merchandise assortment is better than ever, our pipeline of opportunistic products is healthy, our marketing message of value and savings is resonating with a broad base of consumers, and our Independent Operators are connecting with customers in their stores and throughout their communities. The result is a compelling WOW! shopping experience that is driving strong traffic and spending trends across an expanding base of customers."