GO
Grocery Outlet Holding Corp.10.20
-0.37-3.46%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A timelines op fix, comp lift
Q&A sharpened turnaround details, pinning Q4 basket pressure squarely on opportunistic product shortages now rebuilding with 200bps mix gains already underway and full pipeline fix in 3-6 months. February comps lifted 100bps from $20 million temporary fresh promotions—lower-margin bridge, not permanent—while traffic stayed positive. Competitive discounting surged post-Thanksgiving; East growth measured via Virginia company-run pilots before IO handover. UGO review weighs sale versus integration; operators back plan with new tools. No contradictions, just timelines. Op rebound sets pace.
Key Stats
Market Cap
1.00BP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
8-K
Closes 36 stores to optimize
Grocery Outlet adopted an Optimization Plan on March 2, 2026, to close 36 underperforming stores, exit a distribution center lease, and terminate select operator agreements by fiscal 2026 end, aiming to boost profitability and cash flow. Fiscal 2025 saw $4.69B net sales up 7.3%, but Q4 comp sales fell 0.8% amid consumer pressures; $110M non-cash asset impairments hit results. Stores close fast. Expect $14M-$25M restructuring charges and $4M-$6M gross profit hit.
10-K
FY2025 results
Grocery Outlet's FY2025 (ended January 3, 2026; 53 weeks) delivered $4.69B net sales, up 7.3% y/y including $82.4M from the extra week and 37 net new stores, with comparable sales +0.5% (derived; 52-week basis) on 1.6% transaction growth offset by 1.1% lower average basket. Gross margin edged up 10bps to 30.3% via better inventory management, yet Q4 weighed heavy with $149M goodwill impairment and $113.8M long-lived asset charges tied to 36 underperformer closures under the new Optimization Plan. Adjusted EBITDA climbed 7.4% to $254.3M, but net loss hit $(224.9)M or $(2.30)/diluted share versus $39.5M profit last year. Debt stood at $493.8M (6.3% rate) with $175M revolver capacity; no buybacks occurred despite $100M authorization. Q4 momentum faltered amid system upgrades and macro pressures like SNAP delays. IO model risks loom large.
8-K
CPO retires; Delly takes over
Grocery Outlet announced EVP and Chief Purchasing Officer Steve Wilson's retirement effective March 20, 2026, after 31 years. Industry veteran Matt Delly, Chief Merchandising Officer since last year, assumes leadership over integrated purchasing and merchandising functions. This aims to boost efficiency and execution at scale. Smooth transition underway.
8-K
November comps slump on shutdown
Grocery Outlet disclosed preliminary November 2025 comp store sales hit by U.S. government shutdown disrupting EBT benefits, with EBT sales down 8.2% while non-EBT dipped 0.5%. Q4 comps now expected flat; diluted adjusted EPS at low end of $0.21-$0.23 range. Full-year comps and EPS guidance also shifted to lows of prior ranges. Shutdown hurt benefits-dependent customers hard.
10-Q
Q3 FY2025 results
Grocery Outlet posted Q3 FY2025 net sales of $1.17B, up 5.4% y/y, yet operating income fell to $22.8M from $40.3M as gross margin slipped to 30.4% from 31.1% on pricing tweaks and supply chain costs, while SG&A climbed 8.7% on higher commissions and depreciation. Restructuring charges hit $1.3M (part of $46.3M YTD), trimming margins but sharpening store growth focus. Cash from operations surged to $149.8M YTD, topping $72.5M y/y; debt stands at $501.3M ($220M revolver drawn, $174.9M available) under 2023 Credit Agreement due 2028, with covenants met. EPS reconciles at $0.12 diluted on 98.7M shares. Ongoing securities litigation poses risks.
IPO
Employees
Sector
Industry
ASAIY
Sendas Distribuidora S.A.
7.03-0.46
CRERF
Carrefour S.A.
16.61+0.89
DDL
Dingdong (Cayman) Limited
2.28+0.23
IMKTA
Ingles Markets, Incorporated
71.31-0.25
KR
Kroger Company (The)
62.10-0.56
MSS
Maison Solutions Inc.
0.44+0.00
NGVC
Natural Grocers by Vitamin Cott
25.22-0.09
SFM
Sprouts Farmers Market, Inc.
79.23-1.16
VLGEA
Village Super Market, Inc.
37.50-0.52
WMK
Weis Markets, Inc.
66.22-1.07