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.

On June 9, 2026, Grocery Outlet Holding Corp. announced several executive leadership changes. CFO Christopher M. Miller will depart on June 26, 2026, and EVP Chief Merchandising & Purchasing Officer Matthew P. Delly will depart on June 12, 2026. Ian Ferry was appointed as the new EVP, CFO and Treasurer with a base salary of $475,000, a 60% target bonus, and 200% target equity grants. Susan Leary was promoted to SVP, Accounting and designated as Principal Accounting Officer with a base salary of $300,000, a 50% target bonus, and 150% target equity grants. Additionally, Paul Miller was appointed EVP, Chief Purchasing and Merchandising Officer. The company affirmed its Q2 and fiscal year 2026 financial outlook. The company operates in the retail industry as a discount grocery retailer.