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).
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From Grocery Outlet's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2026
$4.69B
+7.3%
$-2.30
-675.0%
-4.8%
FY2024
$4.37B
+10.1%
$0.40
-49.4%
0.9%
FY2023
$3.97B
+10.9%
$0.79
+21.5%
2.0%
FY2022
$3.58B
+16.2%
$0.65
+3.2%
1.8%
FY2022
$3.08B
-1.8%
$0.63
-41.7%
2.0%
Frequently asked questions
When is Grocery Outlet's next earnings date?
Grocery Outlet (GO) is scheduled to report on Tuesday, November 10, 2026 after the market closes. Analysts expect EPS of $0.11.
What did Grocery Outlet earn last quarter?
For the quarter ended Jul 2026, Grocery Outlet reported diluted EPS of $0.06 (+20.0% year over year) on revenue of $1.19B (+1.1%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.