About Grocery Outlet Holding Corp. - Common Stock (GO)
Grocery Outlet Holding Corp is a discount grocery retailer that specializes in providing customers with a wide range of products at reduced prices. The company operates a network of stores that offer a diverse selection of brand-name groceries, fresh produce, and household items, often sourced from surplus inventory and overstock. Grocery Outlet focuses on delivering value to its shoppers by featuring primarily off-brand and closeout products, allowing consumers to save money while still enjoying quality goods. Through its unique business model, the company aims to create an enjoyable shopping experience while maximizing savings for budget-conscious customers. Read More
Shares of discount grocery store chain Grocery Outlet (NASDAQ:GO)
fell 3.5% in the morning session after investor concern over intensifying competition in the grocery sector, driven by Amazon's expansion into same-day delivery. The move follows an announcement from Amazon that it is aggressively expanding its same-day grocery delivery service to over 3,300 cities across the U.S. This expansion includes perishable items like produce, meat, and dairy, positioning Amazon as a direct and formidable competitor to established grocers. Amazon's plan to continue this expansion through 2026 has intensified investor concerns across the grocery sector, affecting not just Grocery Outlet but also peers like Kroger and Albertsons. Compounding the competitive pressure, Grocery Outlet recently reported a significant 64.6% year-over-year drop in its second-quarter net income.
Discount grocery store chain Grocery Outlet (NASDAQ:GO) missed Wall Street’s revenue expectations in Q2 CY2025 as sales rose 4.5% year on year to $1.18 billion. On the other hand, the company’s full-year revenue guidance of $4.75 billion at the midpoint came in 0.8% above analysts’ estimates. Its non-GAAP profit of $0.23 per share was 32.9% above analysts’ consensus estimates.
Grocery Outlet’s second quarter results received a positive market response, with management crediting operational changes and early benefits from its new store strategies for the performance. CEO Jason Potter highlighted improvements in inventory management, better merchandising, and disciplined cost control as key drivers, along with steady progress in piloting new store formats and technology upgrades. The company also attributed its results to a modest increase in same-store sales, improved gross margin through shrink reduction, and initial momentum from supply chain simplification. Potter noted, “We achieved our objectives for Q2…driving improvements in inventory management and merchandising.”
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Shares of discount grocery store chain Grocery Outlet (NASDAQ:GO)
jumped 38.9% in the afternoon session after the company reported second-quarter earnings that surpassed analyst expectations and raised its full-year profit forecast. The discount grocer posted an adjusted profit of $0.23 per share, which outpaced projections. In response to the strong quarter, management lifted its full-year adjusted earnings guidance to a range of $0.75 to $0.80 per share, above its prior outlook and Wall Street's estimates. The company attributed the better-than-expected performance to improved operational efficiency and increased comparable store sales. Following the results, Morgan Stanley upgraded the stock to Equalweight from Underweight and increased its price target, noting that the company's fundamentals appeared to be turning around.
Stay up-to-date with the latest market trends in the middle of the day on Wednesday. Explore the top gainers and losers during today's session in our detailed report.
Discount grocery store chain Grocery Outlet (NASDAQ:GO) missed Wall Street’s revenue expectations in Q2 CY2025 as sales rose 4.5% year on year to $1.18 billion. On the other hand, the company’s full-year revenue guidance of $4.75 billion at the midpoint came in 0.8% above analysts’ estimates. Its non-GAAP profit of $0.23 per share was 32.9% above analysts’ consensus estimates.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
EMERYVILLE, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the second quarter of fiscal 2025 ended June 28, 2025.
EMERYVILLE, Calif., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced the completion of its 15th annual Independence from Hunger® Food Drive, which successfully raised over $5 million to support local food banks.
Bragar Eagel & Squire, P.C. Litigation Attorneys Encourage Investors Who Suffered Losses In Grocery Outlet (GO) To Contact Him Directly To Discuss Their Options
EMERYVILLE, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the second quarter of fiscal 2025 will be released after the market close on Tuesday, August 5, 2025. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.
As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the non-discretionary retail industry, including Grocery Outlet (NASDAQ:GO) and its peers.
