Grocery Outlet Reports Improved Sales but CEO Expresses Dissatisfaction with Performance
Grocery Outlet reported a 3.6% year-over-year increase in net sales to $1.17 billion for Q1, though comparable-store sales declined slightly over 1%. The company's CFO attributed the results to improved product mix and promotions, but CEO Jason Potter emphasized that more work is needed on store experience improvements.
Topics: executive commentary grocery industry retail sales performance