Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of January 2, 2021, it had 380 stores in California, Washington, Oregon, Pennsylvania, Idaho, and Nevada. The company was founded in 1946 and is headquartered in Emeryville, California.
IPO Year: 2019
Exchange: NASDAQ
Website: groceryoutlet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/16/2025 | $18.00 | Hold → Buy | Jefferies |
| 2/26/2025 | $12.00 | Buy → Hold | Deutsche Bank |
| 11/6/2024 | $25.00 → $16.00 | Buy → Hold | TD Cowen |
| 10/30/2024 | $27.00 → $19.00 | Outperform → Market Perform | Telsey Advisory Group |
| 10/30/2024 | $29.00 → $17.00 | Buy → Neutral | BofA Securities |
| 10/17/2024 | $17.00 | Hold | Loop Capital |
| 8/7/2024 | $31.00 → $27.00 | Outperform | Telsey Advisory Group |
| 7/31/2024 | $20.00 | Buy → Hold | Craig Hallum |
| 7/18/2024 | $28.00 | Overweight | Wells Fargo |
| 5/8/2024 | $37.00 → $31.00 | Outperform | Telsey Advisory Group |
EMERYVILLE, Calif. and SEATTLE, May 7, 2025 /PRNewswire/ -- iFoodDS, a leading provider of food traceability software, today announced Grocery Outlet (NASDAQ:GO), a leading extreme-value grocery retailer, will implement its traceability software for FSMA 204 compliance. The Food Traceability Final Rule, FSMA 204, establishes traceability recordkeeping requirements for businesses that manufacture, process, pack, or hold certain foods to facilitate faster identification and rapid removal of potentially contaminated food from the market. Through this partnership, Grocery Outlet w
EMERYVILLE, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the first quarter of fiscal 2025 ended March 29, 2025. Highlights for First Quarter Fiscal 2025 as compared to First Quarter Fiscal 2024: Net sales increased by 8.5% to $1.13 billion.Comparable store sales increased by 0.3%.Gross margin was 30.4% compared to 29.3% last year.SG&A increased by 9.1% to $331.1 million.Operating loss was $22.5 million, which included $33.9 million in restructuring charges.Net loss was $23.3 million, or $(0.24) per diluted share, compa
EMERYVILLE, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or "the Company") today announced the winners of its Free Groceries for Life sweepstakes, which offered customers the chance to win a range of prizes, including a lifetime of free groceries. "At Grocery Outlet we pride ourselves on being in our customers' corner to give them the very best deals and shopping experience every single day," said Jason Potter, Grocery Outlet Chief Executive Officer. "The Free Groceries for Life sweepstakes was an example of that, providing our shoppers a life-changing opportunity. I congratulate the winners and extend my thanks to the team and
EMERYVILLE, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the first quarter of fiscal 2025 will be released after the market close on Tuesday, May 6, 2025. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within three hours of the conclu
Provides Fiscal 2025 Guidance Welcomes 30-Year Industry Veteran Jason Potter, President and CEO EMERYVILLE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and full fiscal year ended December 28, 2024. Highlights for Fourth Quarter Fiscal 2024 as compared to Fourth Quarter Fiscal 2023: Net sales increased by 10.9% to $1.10 billion.Comparable store sales increased by 2.9%.Gross margin was 29.5% compared to 30.2% last year.Net income was $2.3 million, or $0.02 per diluted share, compared to $14.1 million, or $0.14 per diluted share last year. Adjusted net income
EMERYVILLE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the fourth quarter and full fiscal 2024 year will be released after the market close on Tuesday, February 25, 2025. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within three hours
EMERYVILLE, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), today announced the appointment of Jason Potter as the Company's President and Chief Executive Officer, effective February 3, 2025. Mr. Potter will also join the Company's Board of Directors. Mr. Potter is a seasoned CEO, bringing more than 30 years of grocery retail experience and a track record of driving earnings growth and shareholder value. He joins Grocery Outlet from The Fresh Market, a specialty grocery retailer of fresh, gourmet food and prepared meals, where he has served as CEO and a board member since March 2020. During his tenure, Mr. Potter led
EMERYVILLE, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or "the Company") today announced its Free Groceries for Life sweepstakes, where customers can enter for a chance to win a range of prizes, including a lifetime of free groceries.* "This sweepstakes puts the treasure in treasure hunt!" said Eric Lindberg, Grocery Outlet's Chairman and interim President and CEO. "We are absolutely thrilled to be able to offer this Free Groceries for Life sweepstakes to our loyal shoppers and any new ones that come along." To enter, new and existing mobile app ("GO Mobile App") users should enter their phone number into the point-of-sale pin pad
EMERYVILLE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), today announced the appointment of Christopher Miller as Executive Vice President and Chief Financial Officer, effective January 6, 2025. He will report directly to Eric Lindberg, Grocery Outlet's Chairman of the Board and Interim President and Chief Executive Officer. Mr. Miller joins Grocery Outlet from Shamrock Foods Company, the largest family-held food service distributor in the western United States, where he was the company's CFO for nearly two years. Prior to that, he spent over 15 years at Core-Mark Holding Co., the leading marketer of fresh food and
Q3 fiscal 2024 net sales increased 10.4%Q3 fiscal 2024 comparable store sales grew 1.2%, driven by a 2.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the third quarter of fiscal 2024 ended September 28, 2024. Highlights for Third Quarter Fiscal 2024 as compared to Third Quarter Fiscal 2023: Net sales increased by 10.4% to $1.11 billion.Comparable store sales increased by 1.2%, driven by a 2.0% increase in the number of transactions, partially offset by a 0.7% decrease in average transaction
EMERYVILLE, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the first quarter of fiscal 2025 ended March 29, 2025. Highlights for First Quarter Fiscal 2025 as compared to First Quarter Fiscal 2024: Net sales increased by 8.5% to $1.13 billion.Comparable store sales increased by 0.3%.Gross margin was 30.4% compared to 29.3% last year.SG&A increased by 9.1% to $331.1 million.Operating loss was $22.5 million, which included $33.9 million in restructuring charges.Net loss was $23.3 million, or $(0.24) per diluted share, compa
EMERYVILLE, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the first quarter of fiscal 2025 will be released after the market close on Tuesday, May 6, 2025. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within three hours of the conclu
Provides Fiscal 2025 Guidance Welcomes 30-Year Industry Veteran Jason Potter, President and CEO EMERYVILLE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and full fiscal year ended December 28, 2024. Highlights for Fourth Quarter Fiscal 2024 as compared to Fourth Quarter Fiscal 2023: Net sales increased by 10.9% to $1.10 billion.Comparable store sales increased by 2.9%.Gross margin was 29.5% compared to 30.2% last year.Net income was $2.3 million, or $0.02 per diluted share, compared to $14.1 million, or $0.14 per diluted share last year. Adjusted net income
EMERYVILLE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the fourth quarter and full fiscal 2024 year will be released after the market close on Tuesday, February 25, 2025. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within three hours
Q3 fiscal 2024 net sales increased 10.4%Q3 fiscal 2024 comparable store sales grew 1.2%, driven by a 2.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the third quarter of fiscal 2024 ended September 28, 2024. Highlights for Third Quarter Fiscal 2024 as compared to Third Quarter Fiscal 2023: Net sales increased by 10.4% to $1.11 billion.Comparable store sales increased by 1.2%, driven by a 2.0% increase in the number of transactions, partially offset by a 0.7% decrease in average transaction
EMERYVILLE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the third quarter of fiscal 2024 will be released after the market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusi
Q2 fiscal 2024 net sales increased 11.7%Q2 fiscal 2024 comparable store sales grew 2.9%, driven by a 5.1% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the second quarter of fiscal 2024 ended June 29, 2024. Highlights for Second Quarter Fiscal 2024 as compared to Second Quarter Fiscal 2023: Net sales increased by 11.7% to $1.13 billion.Comparable store sales increased by 2.9%, driven by a 5.1% increase in the number of transactions, partially offset by a 2.1% decrease in average transaction size.In
EMERYVILLE, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the second quarter of fiscal 2024 will be released after the market close on Tuesday, August 6, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusio
Q1 fiscal 2024 net sales increased 7.4%Q1 fiscal 2024 comparable store sales grew 3.9%, driven by a 7.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the first quarter of fiscal 2024 ended March 30, 2024. Highlights for First Quarter Fiscal 2024 as compared to First Quarter Fiscal 2023: Net sales increased by 7.4% to $1.04 billion.Comparable store sales increased by 3.9%, driven by a 7.0% increase in the number of transactions, partially offset by a 2.9% decrease in average transaction size.The Com
EMERYVILLE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the first quarter of fiscal 2024 will be released after the market close on Tuesday, May 7, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusion o
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Jefferies upgraded Grocery Outlet from Hold to Buy and set a new price target of $18.00
Deutsche Bank downgraded Grocery Outlet from Buy to Hold and set a new price target of $12.00
TD Cowen downgraded Grocery Outlet from Buy to Hold and set a new price target of $16.00 from $25.00 previously
Telsey Advisory Group downgraded Grocery Outlet from Outperform to Market Perform and set a new price target of $19.00 from $27.00 previously
BofA Securities downgraded Grocery Outlet from Buy to Neutral and set a new price target of $17.00 from $29.00 previously
Loop Capital initiated coverage of Grocery Outlet with a rating of Hold and set a new price target of $17.00
Telsey Advisory Group reiterated coverage of Grocery Outlet with a rating of Outperform and set a new price target of $27.00 from $31.00 previously
Craig Hallum downgraded Grocery Outlet from Buy to Hold and set a new price target of $20.00
Wells Fargo initiated coverage of Grocery Outlet with a rating of Overweight and set a new price target of $28.00
Telsey Advisory Group reiterated coverage of Grocery Outlet with a rating of Outperform and set a new price target of $31.00 from $37.00 previously
EMERYVILLE, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), today announced the appointment of Jason Potter as the Company's President and Chief Executive Officer, effective February 3, 2025. Mr. Potter will also join the Company's Board of Directors. Mr. Potter is a seasoned CEO, bringing more than 30 years of grocery retail experience and a track record of driving earnings growth and shareholder value. He joins Grocery Outlet from The Fresh Market, a specialty grocery retailer of fresh, gourmet food and prepared meals, where he has served as CEO and a board member since March 2020. During his tenure, Mr. Potter led
EMERYVILLE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), today announced the appointment of Christopher Miller as Executive Vice President and Chief Financial Officer, effective January 6, 2025. He will report directly to Eric Lindberg, Grocery Outlet's Chairman of the Board and Interim President and Chief Executive Officer. Mr. Miller joins Grocery Outlet from Shamrock Foods Company, the largest family-held food service distributor in the western United States, where he was the company's CFO for nearly two years. Prior to that, he spent over 15 years at Core-Mark Holding Co., the leading marketer of fresh food and
Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO Company provides certain preliminary Q3 2024 results and update to full year 2024 guidance EMERYVILLE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced that Eric Lindberg, current Chairman of the Board, has been appointed Interim President and CEO, effective immediately. Lindberg replaces RJ Sheedy, who has stepped down from his position and resigned from the Company's Board of Directors. The Board has engaged a leading global executive search firm to begin the process of identifying a perma
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
EMERYVILLE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") announced that it has appointed Ramesh Chikkala to the newly created position of EVP, Chief Operations Officer, effective January 22, 2024. This strategic appointment marks a significant milestone as Grocery Outlet continues to scale its business and add additional supply chain and business technology experience to its organization. In this newly created COO position, Mr. Chikkala will lead the Company's Supply Chain and Business Technology functions, reporting to RJ Sheedy, President and Chief Executive Officer. "Ramesh is an ideal fit for this new position w
EMERYVILLE, Calif., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced that effective January 1, 2023, Eric Lindberg will transition from the role of Chief Executive Officer to Chairman of the Board, and RJ Sheedy, currently the Company's President, will become President and Chief Executive Officer. Mr. Sheedy also will be appointed to the Board, and Erik D. Ragatz, currently Chairman of the Board, will assume the role of Lead Independent Director. "There is no one better to lead Grocery Outlet into the next chapter of growth than RJ Sheedy. He is a strong business leader who takes a long-term strategic approach
EMERYVILLE, Calif., Sept. 02, 2022 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced the retirement of S. MacGregor Read, Jr., Vice Chairman of the Company's Board of Directors, effective September 1, 2022. "After 16 years of service on our Board and nearly 30 years as part of the Grocery Outlet team, the impact MacGregor has had on the trajectory and success of our business is unmatched," said Grocery Outlet CEO Eric Lindberg. "MacGregor has been a steadfast and strategic partner to me and the rest of the leadership team, helping build and solidify the most unique aspects of our business model – how we buy and how we sell."