Grocery Outlet Holding Corp at Morgan Stanley Global Consumer & Retail Conference (Virtual) Transcript

Dec 02, 2021 / 07:25PM GMT
Simeon Ari Gutman - Morgan Stanley, Research Division - Executive Director

Hello, everyone. I hope you're doing well. Thanks for being with us at the Morgan Stanley Virtual Consumer Retail Conference. It is my pleasure to welcome the management team of Grocery Outlet, represented by Eric Lindberg, CEO; RJ Sheedy, President; and Charles Bracher, CFO.

I have a quick disclosure I have to read, and then I will get right into the Q&A. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.

Thank you for being here with us. I think this is Grocery Outlet's inaugural visit virtually, maybe it will be in person. Maybe a quick intro. This is one of the growthiest companies that we cover in our space, one of the growthiest in retail, about a 10% unit growth story, consistent sales growth, extremely consistent gross margin with a hybrid format,

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