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Share: Grocery Outlet Holding Corp (NASDAQ: GO) is trading lower Wednesday morning after the company issued weak guidance.  What Happened: Grocery Outlet Holding announces first-quarter financial results on Tuesday after the close. The company announced earnings of 23 cents per share, which beat the estimate of 22 cents per share. It reported revenue of $752.5 million, which came in below the estimate of $757.63 million. The company issued guidance in which it expects comparable-store sales in the second quarter to be in the negative low double digits. While it remains difficult to forecast the near term environment, we remain bullish for the future and continue to expand our footprint and invest in the business to deliver on our long-term algorithm, said Charles Bracher, CFO of Grocery Outlet Holding.

Charles bracherMorgan stanleyGrocery outlet holdingGrocery outlet holding corpDeutsche bankGrocery outletமோர்கன் ஸ்டான்லிமளிகை ஔட்‌லெட் வைத்திருத்தல்மளிகை ஔட்‌லெட் வைத்திருத்தல் கார்ப்டாய்ச் வங்கிமளிகை ஔட்‌லெட்