CORRECTED-BUZZ-Grocery Outlet falls after weak forecast, brokerages cut PT

Reuters

Feb 26, 2025

Corrects analysts' expectation for adjusted EPS in second bullet to 94 cents from 87 cents

** Discount retailer Grocery Outlet Holding Corp's GO.O shares fall 22.5% to $12.18 premarket

** Co forecasts adjusted EPS in a range of 70 cents to 75 cents, below analysts' expectations of 94 cents, according to data compiled by LSEG

** At least five brokerages cut PT

** Telsey Advisory Group says co's inconsistent performance and expectations for 2025 keeps brokerage on sidelines, lowers PT from $18 to $16

** 1 of 15 brokerages rate the stock "buy" or higher, 12 "hold" and 2 "sell" or lower; their median PT is $15 - LSEG data

** GO stock fell 42% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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