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Grocery Outlet: 4Q Earnings Snapshot

EMERYVILLE, Calif. (AP) _ Grocery Outlet (GO) on Tuesday reported fourth-quarter net income of $9.8 million.

On a per-share basis, the Emeryville, California-based company said it had net income of 11 cents. Earnings, adjusted for non-recurring costs, were 21 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The supermarket company selling discount, overstocked and closeout products posted revenue of $655.5 million in the period.

For the year, the company reported profit of $15.4 million, or 19 cents per share. Revenue was reported as $2.56 billion.

Grocery Outlet shares have risen slightly more than 2% since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GO at https://www.zacks.com/ap/GO