BUZZ-Grocery Outlet falls; CEO to step down

Reuters

2024-10-30

** Shares of Grocery Outlet down ~8% at $15.25 premarket

** Says CEO RJ Sheedy steps down as CEO after almost 2 years in the role

** Former CEO Eric Lindberg to be interim CEO, board to begin process of identifying a permanent CEO

** GO expects preliminary Q3 net sales of $1.1 bln vs analysts' estimates of $1.09 bln - LSEG data

** Co to announce Q3 results on Nov. 5

** Up to Tuesday's close, stock had fallen ~38% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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