Earnings ·
Grocery Outlet Holding Corp. reported second-quarter fiscal 2026 results ending July 4, 2026, with net sales…
GOGrocery Outlet Holding Corp.
Grocery Outlet Holding Corp. reported second-quarter fiscal 2026 results ending July 4, 2026, with net sales increasing 1.1% to $1.19 billion and comparable store sales declining 0.3%. The company recorded a net income of $5.6 million ($0.06 per diluted share), compared to $5.0 million last year, while adjusted EBITDA was $65.7 million. For the first half of fiscal 2026, net sales rose 2.3% to $2.36 billion, but a $158.0 million goodwill impairment charge resulted in a net loss of $174.7 million ($1.77 per diluted share). Management revised full-year guidance, raising the net sales forecast to $4.70–$4.72 billion and adjusted EPS to $0.51–$0.55. The company closed 36 underperforming stores as part of its Optimization Plan and ended the quarter with 547 locations across 16 states. Grocery Outlet operates an extreme value retail grocery chain primarily through independently operated stores.