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Why Grocery Outlet Stock Fell Today

Why Grocery Outlet Stock Fell Today

Shares of Grocery Outlet Holding (NASDAQ: GO) declined by 5.2% on Wednesday, following the release of the discount supermarket chain's third-quarter results. Sales jumped 17.1% to $764.1 million, driven by new store openings and a 9.1% rise in comparable-store sales. The chain opened 10 new locations during the third quarter, bringing its store count to over 370.