Grocery Outlet Holding Stock Price, News & Analysis

Grocery Outlet (NASDAQ: GO) has launched its 15th annual Independence from Hunger® (IFH) Food Drive campaign to combat food insecurity. Running from June 25 to July 31, the campaign will collect donations across 540+ locations to benefit local food agencies. Since its inception in 2011, the campaign has collected over $25 million in cash and food donations.

The initiative addresses critical needs, as 13.5% of U.S. households face food insecurity, with 22 million children experiencing summer hunger. Customers can participate through multiple channels, including a "Give $5, get $5" promotion, purchasing pre-made grocery bags, making monetary donations at registers, or contributing online through GroceryOutlet.com/Donate.

Grocery Outlet (NASDAQ: GO) has partnered with iFoodDS to implement traceability software for FSMA 204 compliance. The Food Traceability Final Rule requires businesses to maintain detailed recordkeeping for certain foods to enable faster identification and removal of potentially contaminated products from the market.

Through this collaboration, Grocery Outlet will utilize iFoodDS' traceability platform to efficiently capture, store, and share required data. The platform is designed to be scalable and flexible, allowing integration with existing systems to reduce costs and operational complexity. Steve Wilson, Chief Purchasing Officer at Grocery Outlet, emphasized the company's commitment to food safety and transparency, while iFoodDS' Chief Traceability Officer Andrew Kennedy highlighted their dedication to providing cost-effective compliance solutions.

Grocery Outlet (NASDAQ: GO) reported Q1 FY2025 results with net sales increasing 8.5% to $1.13 billion and comparable store sales up 0.3%. The company posted a net loss of $23.3 million ($0.24 per share), compared to a $1.0 million loss last year, primarily due to $33.9 million in restructuring charges. Adjusted net income rose 47.7% to $13.0 million ($0.13 per share). Gross margin improved to 30.4% from 29.3%, while adjusted EBITDA grew 31.7% to $51.9 million. The company opened 11 new stores and closed 1, ending with 543 locations across 16 states. GO announced a restructuring plan targeting improved profitability, including terminating 28 unopened store leases and reducing headcount. The company updated its FY2025 guidance, lowering comparable store sales growth expectations to 1.0-2.0% from 2.0-3.0%, while maintaining other key metrics.

Grocery Outlet (NASDAQ: GO) has announced the winners of its Free Groceries for Life sweepstakes, which ran from January 8 through March 31. Two grand prize winners - Michaele Webster of Hidden Valley Lake and Annette Baker of Westminster, California - will each receive free groceries for life, valued at $240,000.

The company also awarded additional prizes to 30 other winners: 10 recipients will receive free groceries for a year (valued at $6,000 each), and 20 winners will receive free groceries for a month (valued at $500 each). The winners were randomly selected from all eligible entries, with celebration events held at local Grocery Outlet stores to surprise the grand prize winners.

Grocery Outlet Holding Corp. (NASDAQ: GO) has scheduled its first quarter fiscal 2025 earnings release for Tuesday, May 6, 2025, after market close. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.

Investors and analysts can join the call by dialing (877) 407-9208 approximately 10 minutes before start time. A live audio webcast will be available at investors.groceryoutlet.com. A replay will be accessible for about two weeks by dialing (844) 512-2921 with access code 13751098.

Grocery Outlet, headquartered in Emeryville, California, operates as a high-growth, extreme value retailer through a network of independently operated stores. The company currently maintains over 530 locations across 16 states including California, Washington, Oregon, Pennsylvania, Tennessee, Idaho, Maryland, Nevada, North Carolina, New Jersey, Georgia, Ohio, Alabama, Delaware, Kentucky and Virginia.

Grocery Outlet (NASDAQ: GO) reported Q4 and fiscal 2024 results with mixed performance. Q4 net sales grew 10.9% to $1.10 billion, with comparable store sales up 2.9%. However, Q4 net income declined to $2.3 million ($0.02 per share) from $14.1 million ($0.14 per share) last year.

For fiscal 2024, net sales increased 10.1% to $4.37 billion, while net income decreased to $39.5 million ($0.40 per share) from $79.4 million ($0.79 per share) in 2023. The company expanded its footprint, adding 67 new stores including 40 from United Grocery Outlet acquisition, ending with 533 stores across 16 states.

The company announced a restructuring plan to improve profitability, including lease terminations for unopened stores, cancellation of warehouse projects, and workforce reduction. New CEO Jason Potter, a 30-year industry veteran from The Fresh Market, has joined to lead strategic initiatives.

Grocery Outlet Holding Corp. (NASDAQ: GO) has scheduled its fourth quarter and fiscal 2024 financial results release for Tuesday, February 25, 2025, after market close. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results, with interested investors and analysts invited to dial (877) 407-9208 approximately 10 minutes before the call.

A live audio webcast will be available at investors.groceryoutlet.com, and a replay will be accessible for about two weeks by dialing (844) 512-2921 with access code 13750098. The company operates as a high-growth, extreme value retailer with over 520 independently operated stores across 16 states, including California, Washington, Oregon, Pennsylvania, and others, selling quality name-brand consumables and fresh products.

Grocery Outlet Holding Corp. (NASDAQ: GO) has announced the appointment of Jason Potter as President and Chief Executive Officer, effective February 3, 2025. Potter brings over 30 years of grocery retail experience and will also join the company's Board of Directors.

Potter joins from The Fresh Market, where he served as CEO since March 2020, leading a successful business transformation with improved customer experience and earnings growth. Previously, he spent 26 years at Sobeys, Inc., overseeing 1,500+ stores with more than $12 billion in revenues across multiple operational and leadership roles.

Potter succeeds Eric J. Lindberg, Jr., who has served as Interim President and CEO since October 2024. Lindberg will continue as Chairman of the Board and work with Potter during the transition period, focusing on introducing him to independent operators and key suppliers.

Grocery Outlet (NASDAQ: GO) has announced its Free Groceries for Life sweepstakes, running from January 8 to March 31, 2025. The promotion will select 32 winners in April, offering prizes including free groceries for life, one year, or one month.

Participants can enter through the GO Mobile App by entering their phone number at checkout or showing their app to cashiers. The number of entries varies based on purchase date, amount, and basket items. The grand prizes include two lifetime grocery rewards (worth $240,000 each), ten one-year grocery prizes ($6,000 each), and twenty one-month prizes ($500 each).

The sweepstakes is open to residents aged 18 or older in California, Delaware, Idaho, Maryland, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, and Washington. No purchase is necessary to participate, and entries can be submitted through the company's website.