Grocery Outlet Reports Q2 Earnings with Mixed Performance and Updated Guidance
Grocery Outlet (GO) reported second-quarter earnings for fiscal year 2026 on August 12, showing mixed results. Net sales reached $1.19 billion, up 1.1% due to new store openings offsetting closures under the company's optimization plan. However, comparable store sales declined by 0.3%, as a drop in average transaction size outweighed increased traffic. Adjusted EBITDA came in at $65.7 million (5.5% of net sales), slightly below last year’s $67.7 million but still ahead of management expectations. Adjusted EPS was reported at $0.20 per diluted share, down from $0.23 a year ago. GAAP net income totaled $5.6 million or $0.06 per diluted share after restructuring charges. The company raised its full-year revenue guidance to between $4.7 billion and $4.72 billion and adjusted EBITDA outlook to $225–$235 million, with a revised EPS range of $0.51–$0.55.
Tickers: $GO
Topics: financial_performance guidance_update