Why Grocery Outlet Stock Dropped Today
Shares of Grocery Outlet (NASDAQ: GO) fell 10.5% on Wednesday, following the release of the discount supermarket chain's second-quarter earnings report.
Grocery Outlet's net sales declined 3.5% year over year to $775.5 million. New store openings only partially offset a 10% drop in comparable-store sales.
Investors sold off Grocery Outlet's shares on Wednesday. Image source: Getty Images.
Source Fool.com
