05:20 AM EDT, 08/07/2024 (MT Newswires) -- Grocery Outlet ( GO ) reported fiscal Q2 adjusted earnings late Tuesday of $0.25 per diluted share, down from $0.32 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Revenue for the quarter ended June 29 was $1.13 billion, compared with $1.01 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.10 billion.

For fiscal 2024, the company said it still expects adjusted EPS of $0.89 to $0.95. Analysts polled by Capital IQ expect $0.91. Revenue for the fiscal year is still projected to be $4.30 billion to $4.35 billion. Analysts surveyed by Capital IQ expect $4.35 billion.

Shares of the company rose more than 11% in recent pre-bell activity Wednesday.

Price: 20.74, Change: +2.20, Percent Change: +11.87