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Why Grocery Outlet Stock Dropped Today

TheMotleyFool

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Shares of Grocery Outlet (NASDAQ: GO) fell 10.5% on Wednesday, following the release of the discount supermarket chain's second-quarter earnings report.

Grocery Outlet's net sales declined 3.5% year over year to $775.5 million. New store openings only partially offset a 10% drop in comparable-store sales.

Investors sold off Grocery Outlet's shares on Wednesday. Image source: Getty Images.

Source Fool.com

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