Aug 12, 4:03 PM ET
Grocery Outlet reported second-quarter fiscal 2026 net sales up 1.1% to $1.19 billion and GAAP net income of $5.6 million, or $0.06 per diluted share, versus $5.0 million a year earlier. Adjusted net income fell to $20.3 million from $22.8 million, and the first half included a $158.0 million goodwill impairment that produced a net loss of $174.7 million. The company narrowed its fiscal 2026 guidance, raising the low end of its adjusted EBITDA and adjusted diluted EPS ranges.
- Q2 net sales rose 1.1% to $1.19 billion, but comparable store sales fell 0.3% and gross margin declined to 30.2% from 30.6%.
- First-half net loss of $174.7 million, or $(1.77) per diluted share, reflects a $158.0 million non-cash goodwill impairment recorded in Q1.
- Fiscal 2026 guidance now calls for adjusted EBITDA of $225 million to $235 million (previously $220 million to $235 million) and diluted adjusted EPS of $0.51 to $0.55 (previously $0.45 to $0.55).
Read the filing on SEC.gov ↗
Jun 9, 4:10 PM ET
Grocery Outlet appointed Ian Ferry as Executive Vice President, Chief Financial Officer and Treasurer, effective June 9, 2026, succeeding Christopher Miller, who leaves June 26, 2026. The company also named Paul Miller Executive Vice President, Chief Purchasing and Merchandising Officer, replacing Matthew Delly, who departs June 12, 2026, and affirmed its second quarter and fiscal 2026 outlook first provided May 13, 2026. The finance and purchasing leadership changes matter to shareholders because they reshape two senior roles, while the outlook was reaffirmed rather than changed.
- Ian Ferry, 45, joined in June 2025 and becomes CFO with a $475,000 base salary and a target bonus of 60% of base salary.
- Christopher Miller's departure is effective June 26, 2026; Matthew Delly's is effective June 12, 2026.
- Paul Miller, a former Grocery Outlet executive who retired in 2024, returns full-time after serving as an advisor.
- Susan Leary was promoted to Senior Vice President, Accounting and designated Principal Accounting Officer, with a $300,000 base salary.
Read the filing on SEC.gov ↗
May 13, 4:03 PM ET
Grocery Outlet reported a first-quarter fiscal 2026 net loss of $180.3 million, or $(1.83) per diluted share, compared with a net loss of $23.3 million, or $(0.24), a year earlier. The loss reflects a $158.0 million non-cash goodwill impairment, while net sales rose 3.6% to $1.17 billion, and the company reaffirmed its fiscal 2026 guidance. For shareholders, sales growth was offset by a sharp decline in profit and a much larger per-share loss.
- Net sales rose 3.6% to $1.17 billion, but comparable store sales declined 1.0%.
- Net loss was $180.3 million, or $(1.83) per diluted share, versus $23.3 million, or $(0.24), a year earlier, including the $158.0 million goodwill impairment.
- Adjusted EBITDA was $43.1 million, or 3.7% of net sales, compared with $51.9 million, or 4.6%, last year.
- Fiscal 2026 guidance was reaffirmed, including adjusted EBITDA of $220 million to $235 million and diluted adjusted EPS of $0.45 to $0.55.
Read the filing on SEC.gov ↗
Apr 2, 4:08 PM ET
Grocery Outlet Holding Corp. increased its board from ten to twelve directors and appointed Frances L. Allen and Felicia D. Thornton, effective April 1, 2026. The filing reports no financial results, guidance, or transaction terms, so the change is an governance update for shareholders rather than a change in company performance.
- Board expanded from ten to twelve directors; Allen and Thornton appointed effective April 1, 2026.
- Both directors were determined by the Board to be independent under Nasdaq requirements.
- Each director's term effectively expires at the 2026 annual meeting, when the Board is declassified.
- Press release dated April 2, 2026 (Exhibit 99.1) announced the appointments.
Read the filing on SEC.gov ↗
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