Grocery Outlet Holding (GO) Company Report

Grocery Outlet reported an 8% decline in SNAP sales and a half a point decel in non-SNAP sales in November 2025, following a disruption in SNAP benefits, which constitute approximately 9% of total sales.
The company's "Refresh program," currently in pilot stores, has yielded mid-single-digit sales increases and is slated for rollout to over 150 stores in 2026.
Grocery Outlet plans to open 30-35 net new stores in 2026, with a strategic shift to two-thirds infill locations to optimize returns on invested capital and strengthen its core business.
Operational enhancements, particularly in fresh departments, are expected to drive more stable margins by improving forecasting, reducing shrink, and boosting sales.

1 day ago

Transcript

Grocery Outlet Details November Sales Impact and 2026 Operational Strategy

Demand Weakening

New Projects/Investments

Guidance Update

Grocery Outlet reported an 8% decline in SNAP sales and a 0.5 percentage point deceleration in non-SNAP sales in November 2025, attributed to a disruption in SNAP benefits, which represent approximately 9% of total sales.
The company's "Refresh" program, currently in pilot stores, is generating mid-single-digit sales increases through improved in-store experience, value communication, and optimized merchandising.
Grocery Outlet intends to roll out the "Refresh" program to over 150 stores in 2026, with plans to complete the full rollout within two years.
For 2026, the company anticipates opening 30-35 net new stores, prioritizing two-thirds infill locations to improve returns on invested capital, and expects to achieve free cash flow positive status.
Ongoing operational enhancements, including better inventory visibility and fresh department management, are expected to stabilize margins and reduce shrink, with the number of system fixes reduced from 350 to about 100 remaining.

1 day ago

Transcript

Grocery Outlet Announces Q3 2025 Financial Results and Updates Full-Year Guidance

Earnings

Guidance Update

New Projects/Investments

Grocery Outlet reported net sales of $1.17 billion for Q3 2025, an increase of 5.4%, with comparable store sales up 1.2%.
For Q3 2025, adjusted EBITDA was $66.7 million and adjusted EPS was $0.21, which exceeded guidance due to favorable taxes.
The company updated its full-year 2025 guidance, projecting net sales of $4.7 billion-$4.72 billion and adjusted EPS in the range of $0.78-$0.80. Full-year comparable store sales are now expected to be 0.6%-0.9%, with Q4 2025 comp sales anticipated to be flat to +1%.
Strategic initiatives include the rollout of a store refresh concept to independently operated stores and improvements in inventory visibility and availability for IOs, with new stores launching in the refreshed format. The company also welcomed a new Chief Stores Operations Officer and Chief Supply Chain Officer.

Nov 4, 2025, 9:30 PM

Transcript

Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2025 Financial Results

Earnings

Guidance Update

Demand Weakening

Grocery Outlet Holding Corp. reported net sales of $1.17 billion for the third quarter of fiscal 2025, an increase of 5.4% year-over-year, with comparable store sales increasing by 1.2%.
For Q3 fiscal 2025, net income was $11.6 million, or $0.12 per diluted share, while adjusted net income was $20.7 million, or $0.21 diluted adjusted earnings per share.
For the 39 weeks ended September 27, 2025, net sales increased 6.1% to $3.47 billion, but the company recorded a net loss of $6.8 million, or $(0.07) per diluted share.
The company revised its fiscal 2025 guidance, with net sales now projected between $4.70 billion and $4.72 billion and comparable store sales growth expected to be 0.6% to 0.9%.

Nov 4, 2025, 9:03 PM

8-K

Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2025 Results and Updates Full-Year Guidance

Earnings

Guidance Update

Demand Weakening

Grocery Outlet Holding Corp. reported net sales of $1.17 billion for the third quarter of fiscal 2025, a 5.4% increase year-over-year, with comparable store sales increasing by 1.2%.
For Q3 2025, net income was $11.6 million, or $0.12 per diluted share, while adjusted net income was $20.7 million, or $0.21 diluted adjusted earnings per share.
The company's gross margin for the third quarter was 30.4%, and Adjusted EBITDA was $66.7 million, representing 5.7% of net sales.
Grocery Outlet revised its fiscal 2025 guidance, now expecting net sales between $4.70 billion and $4.72 billion, a comparable store sales increase of 0.6% to 0.9%, and diluted adjusted earnings per share of $0.78 to $0.80.

Nov 4, 2025, 9:01 PM

Press Release

Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2025 Results

Earnings

Guidance Update

Layoffs

Grocery Outlet Holding Corp. reported net sales of $1.18 billion for the second quarter of fiscal 2025, an increase of 4.5%, with comparable store sales growing by 1.1%.
For Q2 2025, the company's net income was $5.0 million, or $0.05 per diluted share, while adjusted net income was $22.8 million, or $0.23 diluted adjusted earnings per share. Adjusted EBITDA for the quarter was $67.7 million.
For the 26 weeks ended June 28, 2025, net sales increased by 6.5% to $2.31 billion, but the company recorded a net loss of $18.4 million, or $(0.19) per diluted share.
The company incurred $11.2 million in restructuring charges during Q2 2025, totaling $45.0 million for the first half of fiscal 2025, as part of a restructuring plan that included a reduction in headcount and was substantially completed in Q2 2025.
Grocery Outlet updated its fiscal 2025 guidance for diluted adjusted earnings per share to a range of $0.75 to $0.80, an increase from the previous guidance of $0.70 to $0.75.

Aug 5, 2025, 8:01 PM

Press Release

Grocery Outlet Announces Q1 2025 Fiscal Results

Earnings

Revenue Acceleration/Inflection

Net sales increased by 8.5% to $1.13 billion with comparable store sales up 0.3%, reflecting growth from new store sales and operational improvements.
Gross margin improved to 30.4%, while the company reported an operating loss of $22.5 million and a net loss of $23.3 million, partly due to $33.9 million in restructuring charges.
Adjusted net income rose to $13.0 million and adjusted EBITDA increased by 31.7% to $51.9 million, underscoring enhanced financial performance.

May 6, 2025, 12:00 AM

8-K

Grocery Outlet Faces Securities Class Action

Legal Proceedings

Guidance Update

Levi & Korsinsky has announced the filing of a class action lawsuit on behalf of Grocery Outlet shareholders, alleging securities fraud linked to the company's financial disclosures.
The suit covers alleged misconduct from November 7, 2023 to May 7, 2024, following a Q1 fiscal 2024 announcement that reported below-expectation results and reduced guidance, which contributed to a significant share price drop to $20.88 on May 8, 2024.
Affected investors have until March 31, 2025 to request lead plaintiff status without incurring any costs.

Mar 28, 2025, 9:45 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Grocery Outlet Holding.

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