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Why Grocery Outlet Holding Is Down More Than 10% This Afternoon

Why Grocery Outlet Holding Is Down More Than 10% This Afternoon

Grocery Outlet Holding (NASDAQ: GO) may have topped last quarter's sales and earnings estimates and upped its full-year guidance. Shares of the discount grocery store chain are down 10.1% as of 12:08 p.m. ET on Wednesday. For the three-month stretch ending in early October, Grocery Outlet Holding turned $918.2 million worth of sales into per-share profits of $0.27.