Grocery Outlet’s president and CEO exits abruptly
The grocer has tapped Chairman Eric Lindberg to immediately fill the top roles on an interim basis following the departure of RJ Sheedy, who became president in 2019 and CEO last year.
BofA downgrades Grocery Outlet on uncertainty from CEO change
BofA downgraded Grocery Outlet (GO) to Neutral from Buy with a price target of $17, down from $29, following the announcement that CEO RJ
Grocery Outlet announces CEO reshuffle, Q3 prelim results
Separately, Grocery Outlet ( GO) also provided preliminary results for Q3, projecting net sales of $1.1B ( consensus: $1.09B), a 10.4% increase versus the prior year period, with comparable store sales up 1.2%. The company expects to meet previously discussed Q3 earnings guidance.
Grocery Outlet’s Former CEO Returning to Lead Company
Grocery Outlet’s board of directors has hired a global executive search firm to help identify a permanent CEO. For his part, Lindberg previously served as CEO or co-CEO of the company from January 2006 to December 2022.
B of A Securities Downgrades Grocery Outlet Holding (GO)
Fintel reports that on October 30, 2024, B of A Securities downgraded their outlook for Grocery Outlet Holding (NasdaqGS:GO) from Buy to Neutral. Analyst Price Forecast Suggests 73.06% Upside As of October 22,
Grocery Outlet Holding Announces Leadership Change and Growth Forecast
Grocery Outlet Holding ( (GO) ) just unveiled an announcement. Grocery Outlet Holding Corp. undergoes a leadership transition as former CEO
MarketWatch22h
Grocery Outlet Shares Fall to 52-Week Low on CEO RJ Sheedy Exit
Shares of Grocery Outlet on Wednesday dropped to a 52-week low after the discount retailer said RJ Sheedy stepped down as chief executive officer and resigned from the board less than two years ...
Grocery Outlet President and CEO abruptly resigns
Less than a week from its third-quarter earnings call and lackluster Q2 results, Grocery Outlet President and CEO RJ Sheedy has stepped down and resigned from his position on the company’s board of ...
Grocery Outlet downgraded as uncertainties arise - analyst
Grocery Outlet (GO) downgraded at BofA Securities as questions arise after preliminary Q3 results, CEO resignation. Read more ...
Grocery Outlet signs lease for former Dave’s Market space in Cleveland Heights
Grocery Outlet has also signed a lease for about 26,000 square feet of what used to be a Bed, Bath & Beyond at Ridge Park ...
Grocery Outlet Names Chair Lindberg as Interim CEO, Replacing Sheedy
Grocery Outlet Holding named Chairman Eric Lindberg as interim president and chief executive, replacing RJ Sheedy, and tweaked growth projections for the balance of the year.
New discount grocery coming to Henderson
Bargain hunters rejoice: A second Grocery Outlet is coming to Henderson. Located at 3499 Saint Rose Parkway, Suite 120, ...
WYRK6d
New Grocery Chain Could Save Us Lots Of Money Here In New York
Layla Kasha, the senior VP and new stores growth officer for Grocery Outlet, told the Schenectady Daily Gazette that the ...
Business Insider1d
Grocery Outlet downgraded at Telsey Advisory on inconsistent performance
Telsey Advisory analyst Joseph Feldman downgraded Grocery Outlet (GO) to Market Perform from Outperform with a price target of $19, down from $27, citing the company’s “continued inconsistent ...