Grocery Outlet Holding Corp.
14.34-0.28 (-1.92%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · GO · USD
Key Stats
Market Cap
1.41BP/E (TTM)
179.25Basic EPS (TTM)
0.08Dividend Yield
0%Recent Filings
8-K
Grocery Outlet appoints operations chief
Grocery Outlet Holding Corp. appointed Frank Kerr as Executive Vice President, Chief Store Operations Officer, effective September 15, 2025, to lead its network of over 550 independently operated stores. Kerr brings over a decade of grocery retail experience from Lidl US and Save A Lot, where he drove expansion, efficiency, and profitability across large fleets. This move bolsters operational execution for sustainable growth. Yet risks could alter outcomes.
10-Q
Q2 FY2025 results
Grocery Outlet's Q2 FY2025 sales climbed 4.5% year-over-year to $1.18B, fueled by 28 net new stores and 1.1% comparable growth, yet gross margin slipped 0.3 points to 30.6% from pricing tweaks on staples. Operating income fell 51.1% to $12.8M amid $11.2M restructuring charges, while net income dropped to $5.0M or $0.05 diluted EPS from $14.0M last year; YTD, a $18.4M net loss reflects $45.0M in restructuring hits. Cash from operations surged to $132.6M YTD, supporting $119.7M capex, with $55.2M cash and $204.9M revolver availability against $475.0M debt due 2028. Restructuring wrapped up, trimming unopened leases and headcount for leaner growth. Ongoing securities litigation poses disclosure risks.
8-K
Q2 sales grow 4.5%
Grocery Outlet reported Q2 fiscal 2025 net sales up 4.5% to $1.18 billion, with comparable store sales rising 1.1% on higher traffic, yet gross margin dipped to 30.6% from pricing tweaks for value appeal. Operating income hit $12.8 million after $11.2 million restructuring charges, while adjusted EBITDA held steady at $67.7 million. Restructuring nears completion, targeting better profitability. Guidance lifts adjusted EPS to $0.75-$0.80.
8-K
Board adds retail and finance experts
Grocery Outlet Holding Corp. appointed Michael Kobayashi and Lawrence 'Chip' Molloy as independent Class I directors effective June 26, 2025, expanding the board from 10 to 12 members while adding them to the Audit and Risk Committee. Kobayashi brings over 20 years of retail operations and technology expertise from Ross Stores; Molloy offers deep financial leadership from roles at Sprouts Farmers Market and other retailers, including as an audit committee financial expert. This refreshment aims to bolster growth and profitability amid systems integration. Long-serving directors Alterman and Herman retire August 7, 2025, shrinking the board back to 10.
8-K
Stockholders gain special meeting rights
Grocery Outlet Holding Corp. amended its certificate of incorporation on June 4, 2025, granting stockholders with 25% net long ownership the right to call special meetings, approved by 86.56% of shares at the June 2 annual meeting. The board also updated bylaws on June 3 to implement safeguards like ownership verification and exclusions for recent meetings. Officers now qualify for exculpation under revised Delaware law, approved by 75.59% of shares. This empowers shareholders while curbing abuse.
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