Earnings ·
Grocery Outlet reports Q3 fiscal 2026 net income of $13.3M and raises full-year comparable store sales guidance
GOGrocery Outlet Holding Corp.
Grocery Outlet Holding Corp. reported third-quarter fiscal 2026 net income of $13.3 million, or $0.13 per diluted share, compared to $11.6 million last year. Net sales rose 0.9% to $1.18 billion and comparable store sales increased 0.5%. The company revised its full-year fiscal 2026 guidance, raising the expected comparable store sales increase range from -0.5% to 0.0% to 0.2% to 0.4%, while maintaining net sales and adjusted EBITDA targets. Grocery Outlet operates a network of independently operated extreme value grocery stores in the United States.