Grocery Outlet Holding Corp. (GO)

Grocery Outlet announced its first-quarter and second-quarter fiscal 2025 financial results on May 6, 2025, and August 5, 2025, respectively. In August 2025, shares rallied following an upbeat fiscal year 2025 profit outlook, with the company raising its adjusted EPS outlook. However, the stock experienced a decline of -5.22% on October 27, 2025. In October 2025, Zacks upgraded Grocery Outlet to a "Strong Buy" rating, reflecting an upward trend in earnings estimates. The company also announced its third-quarter fiscal 2025 earnings release and conference call date for November 4, 2025. Earlier in the year, as part of a restructuring plan initiated in the fourth quarter of 2024, Grocery Outlet canceled 23 store leases for unopened stores, closed two existing stores, and laid off 40 employees in the first quarter of 2025, while also opening 11 new locations in the second quarter of 2025.

Demand seasonality for Grocery Outlet generally aligns with broader grocery retail trends. Retail sales can experience volatility throughout the year, with a summer peak followed by moderation in the fall. Consumer spending is influenced by macroeconomic uncertainty and a focus on value. Retailers' performance is dependent on strategic promotions during holiday periods. Grocery sales saw a rise in July, attributed to higher prices and a shift towards private label products.

Grocery Outlet Holding Corp. operates as a high-growth, extreme-value retailer offering quality, name-brand consumables and fresh products through independently owned and operated stores. The company is in the Consumer Staples sector, specifically the Grocery Stores/Food Chains industry. Its product assortment includes perishable and non-perishable goods, and its business model focuses on opportunistic purchasing to offer products at discounted prices. The stores are designed in a small-box format to provide a treasure hunt shopping experience.

Grocery Outlet has a significant presence across the United States, primarily operating along the U.S. West Coast in California, Oregon, Washington, Idaho, and Nevada. It has expanded into the Mid-Atlantic region with locations in Pennsylvania and New Jersey. By April 2024, Grocery Outlet acquired United Grocery Outlet, adding a 40-supermarket chain in six Southeast states: Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia. By the end of 2024, the company had approximately 533 stores across 16 states, with over 550 independently operated stores in multiple U.S. states as of October 2025.

Grocery Outlet's brand reputation has been influenced by positive initiatives and challenges. The company is known for its "treasure hunt" shopping experience and "WOW! deals." In August 2025, Grocery Outlet raised over $5 million for local food banks through its Independence from Hunger® Campaign. However, a class-action lawsuit was filed against Grocery Outlet stores and their operators across Oregon in June 2025, alleging deceptive pricing practices, which could negatively impact the brand's reputation.

Major institutional shareholders of Grocery Outlet Holding Corp. include Fmr Llc, BlackRock, Inc., Vanguard Group Inc, T. Rowe Price Investment Management, Inc., IJR - iShares Core S&P Small-Cap ETF, Fpr Partners Llc, Mackenzie Financial Corp, Marshall Wace, Llp, Dimensional Fund Advisors Lp, and State Street Corp. As of September 27, 2025, insider stakeholders controlled approximately 28.50% of the total share count. Top direct individual holders include S. Macgregor Read Jr., Eric J. Jr. Lindberg, Robert Joseph Jr. Sheedy, Jason J. N. Potter, and Steven K. Wilson.