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Grocery Outlet Holding Corp. (GO) stock

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NASDAQ: GO Nasdaq Food Retail Next results ~November 10, 2026

D Fundamentals grade

Grocery Outlet Holding Corp. is a US-listed company in the food retail industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$7.8

Valuation models combined (3)

Base case. Range ~$4.9–$12. Weighted average of 3 models (forward price-to-earnings vs peers, forward price-to-sales vs peers, revenue-to-maturity model).

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Grocery Outlet Holding Corp. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders7 buying, 6 selling19 purchases and 12 sales by directors and officers, last 12 monthsInsider trades
  • Funds145 adding, 113 cuttingOf 43 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Grocery Outlet Holding files

Where Grocery Outlet stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $4.74bn, up 5.1% on a year earlier, slower than the 6.0% growth a quarter earlier. Free-cash-flow margin rose to -0.1% from -1.1% a year earlier. Operating margin narrowed to -7.9% from 0.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks. Our revenue-to-maturity model value is $4.92 a share, against a share price of $13.03.

Source: 10-Q filed August 12, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Grocery Outlet Holding Corp.'s trailing-twelve-month revenue grew 5.1% year on year, with a free-cash-flow margin of -0.1%. Where it lags: net margin of -8.0% ranks 9 of 10 food retail companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 61% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 7.4% over 90 days.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -7.9%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 8.8 points on a year ago.
  • Burning cash. Free cash flow was -0.1% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 54% and a beta of 0.4 against the S&P 500.
  • Below peers: change in share count. Change in share count of -0.1% ranks 6 of 7 food retail companies we cover (median -4.3%).

Latest results: FY2026 Q2

Filed August 12, 2026
Earnings per share
$0.20 against an average estimate of $0.12: beat by 60.9%
Revenue
$1.19bn, up 1.1% on a year earlier
Share reaction
+9.9% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Guidance given
net sales $4.7bn to $4.72bn (fiscal 2026); new store openings, net 30 to 33 (fiscal 2026)
Next report
November 10, 2026; average EPS estimate $0.15

Grocery Outlet Holding's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.3%
  • 1 week+1.3%
  • 1 month+13.9%
  • This year+31.0%
  • 1 year-2.8%
  • 5 years-43.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.7B
Operating margin
-7.9%
Net margin
-8.0%
EPS (TTM, diluted)
$-3.87

Growth

Revenue growth
+5.1%
Change in growth rate
−0.9 pts
Share count change
−0.1%

Cash

Free cash flow (TTM)
-$5M
FCF margin
-0.1%
Stock pay % of revenue
0.2%

Earnings

Last results
August 12, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Grocery Outlet Holding Corp. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Grocery Outlet Holding Corp. as an operating company, with every model that fits that kind of business. Cost of equity 7.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.54 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$8.6 ~$6.8–$13 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$12–$25 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$4.9 ~$3.0–$7.3 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$7.8 ~$4.9–$12 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Grocery Outlet Holding Corp. with Food Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$33.47$39.25$28.28$29.19$26.96$15.47$10.17$13.23
Market value$2.7bn$3.9bn$2.8bn$2.9bn$2.7bn$1.5bn$997m$1.3bn
+ Net debt (− = net cash)$432m$355m$320m$282m$179m$416m$424m$432m
Enterprise value$3.2bn$4.2bn$3.1bn$3.2bn$2.9bn$2.0bn$1.4bn$1.7bn
Multiples
Price / sales 1.1x1.2x0.9x0.8x0.7x0.4x0.2x0.3x
Price / earnings 177.7x36.2x45.1x44.9x34.2x39.0x——
Price / free cash flow 76.9x68.6x66.6x53.1x20.2x—41.9x107.7x
EV / EBITDA 27.3x25.9x19.9x18.5x13.6x10.5x——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

35 /100

Weak moat

How hard Grocery Outlet Holding's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.9% of total assets over 8 years.

  • Pricing power 11 / 20

    Gross margin has been a median 30.6%, moving by 0.3 percentage points (standard deviation) across 8 years.

  • Durability 0 / 20

    Operating margin has been a median 2.7%; its worst year was -7.9%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 5 of 8 years, at a median 0.6% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.3% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, after the close. Analysts expect revenue of $1.2bn and EPS of $0.15 (range $0.14 to $0.16) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.55 −28% $4.7bn +0%
Next $0.67 +24% $4.9bn +5%

Next year's EPS estimate has moved +7.4% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.2% on 90 days ago. In the last 30 days, 13 analysts raised Grocery Outlet Holding Corp.'s forecast and 1 cut it.

Consensus EPS forecast Grocery Outlet Holding Corp., last 90 days
$0.50 $0.55 $0.60 $0.65 $0.70 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.50 Current fiscal year, 60 days ago: $0.55 Current fiscal year, 30 days ago: $0.55 Current fiscal year, 7 days ago: $0.55 Current fiscal year, Now: $0.55 $0.55 Next fiscal year, 90 days ago: $0.63 Next fiscal year, 60 days ago: $0.67 Next fiscal year, 30 days ago: $0.67 Next fiscal year, 7 days ago: $0.67 Next fiscal year, Now: $0.67 $0.67

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.50$0.63
60 days ago $0.55$0.67
30 days ago $0.55$0.67
7 days ago $0.55$0.67
Now $0.55$0.67

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.12 $0.20 +60.9%
Mar 2026 $0.02 $0.05 +120.1%
Dec 2025 $0.21 $0.19 −8.9%
Sept 2025 $0.19 $0.21 +11.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 12, 2026
  • Net sales fiscal 2026 $4.7bn to $4.72bn Raised
    “Net sales $4.60 - $4.72 billion $4.70 to $4.72 billion” source
  • Diluted adjusted earnings per share fiscal 2026 $0.51 to $0.55 Non-GAAP Raised
    “Diluted adjusted earnings per share $0.45 to $0.55 $0.51 to $0.55” source
  • Gross margin fiscal 2026 29.8% to 30% Raised
    “Gross margin 29.7%-30.0% 29.8%-30.0%” source
  • New store openings, net fiscal 2026 30 to 33 Maintained
    “New store openings, net (1) 30-33 30 to 33” source
  • Comparable store sales increase / decrease fiscal 2026 -0.5% to 0% Raised
    “Comparable store sales increase / decrease " -2.0% to 0.0% " " -0.5% to 0.0% "” source
  • Adjusted EBITDA fiscal 2026 $225m to $235m Non-GAAP Raised
    “Adjusted EBITDA $220 million to $235 million $225 million to $235 million” source
Show 2 more items
  • Capital expenditures (net of tenant improvement allowances) fiscal 2026 about $170m Maintained
    “Capital expenditures (net of tenant improvement allowances) $170 million $170 million” source
  • Net total restructuring charges fiscal 2026 and fiscal 2027 $15m to $24m
    “In connection with the Optimization Plan, we estimate we will incur between $15 million and $24 million in net total restructuring charges in fiscal 2026 and fiscal 2027, and we expect these actions to be substantially completed by the first quarter of fiscal 2027.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

14 analysts, Nov 2026
Buy17%
Hold1286%
Sell17%

Monthly trend

  1. Nov 2026112114
  2. Oct 2026112114
  3. Sep 202613114

Counts of recommendations published by analysts covering Grocery Outlet Holding Corp., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
31.0%
of tradable shares
Days to cover
9.28
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
6.1%
of shares
Employees
1,642
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −2.8%

$13.61 on October 31, 2025 to $13.23

ThenNowEffect
Revenue (last 12 months) $4.5bn $4.7bn +5.1%
P/S multiple 0.3x 0.3x −7.6%
Share count 99m 99m +0.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −53.3%

$28.36 on November 3, 2023 to $13.23

ThenNowEffect
Revenue (last 12 months) $3.8bn $4.7bn +24.0%
P/S multiple 0.7x 0.3x −63.1%
Share count 101m 99m +2.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GO−28%+3%−8%−42%−35%+31%
Industry peers (median)+43%+7%+16%+26%−7%+15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GO50%58%50%33%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GO−54%−37%−24%−52%−47%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 20, 2019: 88% from August 16, 2019 to March 20, 2026. Getting back needed a 706% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.79 – $14.24
From 52-week high
−7.1%
vs 50-day average
+9.9%
vs 200-day average
+38.1%
Volatility (1 year)
54%
Beta vs S&P 500
0.41

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±14.8%
After a week
6 up, 6 down
typical move ±17.8%
After a month
6 up, 6 down
typical move ±19.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 +9.9% +0.9% +15.0% +14.4%
May 13, 2026 −3.6% +1.4% +2.1% +20.4%
March 4, 2026 −28.5% +0.1% −30.1% −18.6%
November 4, 2025 −8.5% −0.8% −19.3% −20.1%
August 5, 2025 +38.5% +0.3% +37.9% +35.0%
May 6, 2025 −6.0% −0.4% −15.9% −15.5%
February 25, 2025 −30.4% −0.4% −28.4% −18.4%
November 5, 2024 +11.8% +3.7% +32.3% +30.3%
October 30, 2024 −13.9% −2.3% −3.0% +26.4%
August 6, 2024 +7.4% +0.2% +5.3% −7.0%
May 7, 2024 −19.1% +0.1% −20.8% −17.2%
February 27, 2024 +0.6% +0.1% +3.0% +11.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Grocery Outlet Holding Corp. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Grocery Outlet Holding Corp.
$3.5B $4B $4.5B $5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.9B Revenue (TTM), FY23 Q4: $4B Revenue (TTM), FY24 Q1: $4B Revenue (TTM), FY24 Q2: $4.2B Revenue (TTM), FY24 Q3: $4.3B Revenue (TTM), FY24 Q4: $4.4B Revenue (TTM), FY25 Q1: $4.5B Revenue (TTM), FY25 Q2: $4.5B Revenue (TTM), FY25 Q3: $4.6B Revenue (TTM), FY25 Q4: $4.7B Revenue (TTM), FY26 Q1: $4.7B Revenue (TTM), FY26 Q2: $4.7B $4.7B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.9B
FY23 Q4 $4B
FY24 Q1 $4B
FY24 Q2 $4.2B
FY24 Q3 $4.3B
FY24 Q4 $4.4B
FY25 Q1 $4.5B
FY25 Q2 $4.5B
FY25 Q3 $4.6B
FY25 Q4 $4.7B
FY26 Q1 $4.7B
FY26 Q2 $4.7B
Revenue growth, TTM YoY Grocery Outlet Holding Corp.
5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 14.0% Revenue growth, TTM YoY, FY23 Q4: 10.9% Revenue growth, TTM YoY, FY24 Q1: 8.9% Revenue growth, TTM YoY, FY24 Q2: 8.7% Revenue growth, TTM YoY, FY24 Q3: 9.0% Revenue growth, TTM YoY, FY24 Q4: 10.1% Revenue growth, TTM YoY, FY25 Q1: 10.4% Revenue growth, TTM YoY, FY25 Q2: 8.5% Revenue growth, TTM YoY, FY25 Q3: 7.2% Revenue growth, TTM YoY, FY25 Q4: 7.3% Revenue growth, TTM YoY, FY26 Q1: 6.0% Revenue growth, TTM YoY, FY26 Q2: 5.1% 5.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 14.0%
FY23 Q4 10.9%
FY24 Q1 8.9%
FY24 Q2 8.7%
FY24 Q3 9.0%
FY24 Q4 10.1%
FY25 Q1 10.4%
FY25 Q2 8.5%
FY25 Q3 7.2%
FY25 Q4 7.3%
FY26 Q1 6.0%
FY26 Q2 5.1%
Operating margin (TTM) Grocery Outlet Holding Corp.
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.3% Operating margin (TTM), FY23 Q4: 3.2% Operating margin (TTM), FY24 Q1: 2.3% Operating margin (TTM), FY24 Q2: 2.0% Operating margin (TTM), FY24 Q3: 2.0% Operating margin (TTM), FY24 Q4: 1.8% Operating margin (TTM), FY25 Q1: 1.2% Operating margin (TTM), FY25 Q2: 0.9% Operating margin (TTM), FY25 Q3: 0.5% Operating margin (TTM), FY25 Q4: -4.7% Operating margin (TTM), FY26 Q1: -8.0% Operating margin (TTM), FY26 Q2: -7.9% -7.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.3%
FY23 Q4 3.2%
FY24 Q1 2.3%
FY24 Q2 2.0%
FY24 Q3 2.0%
FY24 Q4 1.8%
FY25 Q1 1.2%
FY25 Q2 0.9%
FY25 Q3 0.5%
FY25 Q4 -4.7%
FY26 Q1 -8.0%
FY26 Q2 -7.9%
FCF margin (TTM) Grocery Outlet Holding Corp.
-4% -2% 0% 2% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 3.6% FCF margin (TTM), FY23 Q4: 2.8% FCF margin (TTM), FY24 Q1: 0.6% FCF margin (TTM), FY24 Q2: -0.2% FCF margin (TTM), FY24 Q3: -2.4% FCF margin (TTM), FY24 Q4: -2.2% FCF margin (TTM), FY25 Q1: -1.3% FCF margin (TTM), FY25 Q2: -1.1% FCF margin (TTM), FY25 Q3: -1.1% FCF margin (TTM), FY25 Q4: 0.0% FCF margin (TTM), FY26 Q1: 0.1% FCF margin (TTM), FY26 Q2: -0.1% -0.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 3.6%
FY23 Q4 2.8%
FY24 Q1 0.6%
FY24 Q2 -0.2%
FY24 Q3 -2.4%
FY24 Q4 -2.2%
FY25 Q1 -1.3%
FY25 Q2 -1.1%
FY25 Q3 -1.1%
FY25 Q4 0.0%
FY26 Q1 0.1%
FY26 Q2 -0.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Jan 2022 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Jan 2026 LTM Jul 2026
Income
Revenue 2,075 2,288 2,560 3,135 3,080 3,578 3,969 4,372 4,689 4,743
Gross profit 632 695 787 973 949 1,092 1,242 1,322 1,419 1,422
EBITDA 120 128 116 163 157 173 214 187 −114 −266
Operating income 77 82 68 107 89 95 126 78 −222 −374
Net income 21 16 15 107 62 65 79 39 −225 −381
Diluted EPS $0.30 $0.23 $0.19 $1.08 $0.63 $0.65 $0.79 $0.40 −$2.30 −$3.87
Growth (year on year)
Revenue — +10.2% +11.9% +22.5% −1.8% +16.2% +10.9% +10.1% +7.3% +5.1%
EBITDA — +6.5% −9.1% +40.1% −3.3% +10.0% +23.4% −12.7% −161.2% −269.2%
Operating income — +7.2% −17.1% +57.1% −17.0% +6.6% +32.4% −37.7% — —
Net income — — — — −41.6% +4.4% — −50.3% — —
Diluted EPS — — — — −41.7% +3.2% — −49.4% — —
Margins
Gross margin 30.4% 30.4% 30.8% 31.1% 30.8% 30.5% 31.3% 30.2% 30.3% 30.0%
EBITDA margin 5.8% 5.6% 4.5% 5.2% 5.1% 4.8% 5.4% 4.3% −2.4% −5.6%
Operating margin 3.7% 3.6% 2.7% 3.4% 2.9% 2.7% 3.2% 1.8% −4.7% −7.9%
Net margin 1.0% 0.7% 0.6% 3.4% 2.0% 1.8% 2.0% 0.9% −4.8% −8.0%
Free-cash-flow margin 0.7% 1.8% 1.4% 1.8% 1.4% 1.5% 3.4% −1.7% 0.5% 0.3%
Cash flow
Cash from operations 85 106 133 181 166 186 303 112 222 185
Capital spending 71 65 97 125 123 130 169 187 198 173
Free cash flow 14 41 36 56 42 55 134 −75 24 12
Stock-based pay 2 10 31 38 18 33 31 11 10 11
Free cash flow after stock pay 12 31 4 18 25 22 103 −85 13 2
Balance sheet
Cash 6 21 28 105 140 103 115 63 70 74
Total debt 0 857 460 460 460 385 294 479 494 506
Net debt (negative = net cash) −6 836 432 355 320 282 179 416 424 432
Diluted shares 68m 69m 82m 98m 99m 100m 101m 100m 98m 99m
Returned to shareholders
Dividends 1 154 4 0 0 0 0 0 0 —
Buybacks — — — 0 0 3 6 81 0 —
Total returned 1 154 4 0 0 4 6 81 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · July 4, 2026
What it owns · $3.0bn
Short-term assets $515mLonger-term assets $2.5bn
What it owes, and who funded it · $3.0bn
Short-term liabilities $398mLonger-term liabilities $1.8bnShareholders' equity $817m
  • Short-term assets cover short-term liabilities $515m of assets due within a year against $398m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $515m short-term assets against $1.8bn of longer-dated liabilities.
  • More cash than debt $74m of cash against $506m of debt.
  • Debt below 40% of shareholders' equity Debt is 62% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 46% to 62% over five years.
  • A year's operating cash flow covers at least 20% of debt $185m of operating cash flow against $506m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Grocery Outlet Holding Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Buybacks, last 3 fiscal years
$87.2M
Diluted share count
−0.1%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
28.5%
of revenue

Competitors: side by side with peers

Closest by revenue in food retail
Last 12 months unless stated GO WMK IMKTA SFM VLGEA NGVC Median
Revenue, last 12 months $4.7bn $5.1bn $5.4bn $9.1bn $2.4bn $1.3bn $5.2bn
Revenue growth, last 12 months 5.1% 4.7% 1.0% 5.3% 3.7% 2.0% 3.0%
Revenue growth, 3-year average 7.4% 1.8% −2.0% 10.7% 3.6% 6.3% 3.6%
Revenue growth, latest quarter 1.1% 4.6% 1.6% 4.7% 1.6% 1.8% 1.7%
Gross margin 30.0% 25.5% 24.5% 38.6% 28.2% 29.6% 27.6%
Operating margin −7.9% 2.5% 2.6% 7.3% 2.7% 4.7% 2.5%
Operating margin, 3-year average −1.7% 2.5% 2.6% 7.1% 2.9% 4.2% 2.5%
Net margin −8.0% 2.0% 1.9% 5.4% 2.2% 3.5% 1.9%
Cash from operations / revenue 3.9% 4.8% 4.6% 7.6% 4.5% 5.3% 4.6%
Free-cash-flow margin −0.1% 0.8% 2.8% 3.7% 2.3% 1.7% 1.6%
Free-cash-flow margin, 3-year average −0.5% 0.7% 1.5% 4.6% 1.5% 2.3% 1.5%
Stock pay / revenue 0.2% — — 0.3% 0.2% 0.3% 0.2%
Change in share count −0.1% −7.5% — −4.3% — 0.1% −4.3%

Median of all 10 companies we cover in food retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

10 food retail companies
Measure Company Peer median Rank
Revenue growth Growth 5.1% 3.7% 3 of 10
Change in growth rate Growth -0.9pp -0.5pp 7 of 10
Gross margin Profitability 30.0% 29.6% 3 of 8
Operating margin Profitability -7.9% 2.5% 8 of 9
Net margin Profitability -8.0% 2.0% 9 of 10
Free-cash-flow margin Cash generation -0.1% 1.7% 9 of 10
Stock pay as % of revenue Cash generation 0.2% 0.2% 4 of 7
Long-term debt as % of assets Balance sheet 16.4% 18.3% 4 of 8
Change in share count Balance sheet -0.1% -4.3% 6 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 3, 2026
Products and services
Line of business Revenue Share YoY
Non Perishable $2.9B 62.3% ▲ 6.1%
Perishable $1.8B 37.7% ▲ 9.3%

From Grocery Outlet Holding Corp.'s 10-K filed March 4, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.1B
Institutions reporting
243
Shares held vs prior quarter
▼ 1.6%
Positions opened / closed
61 / 44

Top buyers and sellers, Q2 2026: 145 institutions bought and 113 sold ; the biggest buyer was J. Goldman & Co LP (+3.2M shares) and the biggest seller FMR LLC (−5.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
T. Rowe Price Investment Management, Inc. $187M 18.8M 16.7% ▲ 0.8%
Blackrock, Inc. $152M 15.3M 13.6% ▲ 3.3%
Vanguard Portfolio Management LLC $60.7M 6.1M 5.4% ▲ 0.7%
J. Goldman & Co LP $47.9M 4.8M 4.3% ▲ 193.8%
State Street Corp $44.5M 4.5M 4.0% ▼ 1.6%
Vanguard Capital Management LLC $42M 4.2M 3.7% ▲ 1.9%
Marshall Wace, LLP $41.5M 4.2M 3.7% ▲ 17.4%
Millennium Management LLC $29.1M 2.9M 2.6% ▲ 15.7%
Fund 1 Investments, LLC $27.3M 2.7M 2.4% New
Geode Capital Management, LLC $25.2M 2.5M 2.2% ▲ 4.3%
Mill Road Capital Management LLC $24.5M 2.5M 2.2% ▲ 3.5%
Becker Capital Management Inc $22.6M 2.3M 2.0% ▼ 12.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Grocery Outlet Holding Corp.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $8.3M 19 trades by 7 insiders, last 12 months Insider sales History → $923,211 12 trades by 6 insiders · 3% under pre-set plans
Net ▲ $7.4M net buying
Insider Date Trade Shares Price Value
Jaros Carey F. Director August 27, 2026 Buy 15,000 $11.70 $175,500
Kerr Frank Michael See Remarks August 21, 2026 Sell 1,432 $11.30 $16,182
Miller Paul Blaine See Remarks August 20, 2026 Buy 8,000 $10.90 $87,200
Miller Paul Blaine See Remarks June 25, 2026 Buy 5,000 $9.50 $47,500
Miller Paul Blaine See Remarks June 18, 2026 Buy 10,000 $9.37 $93,700
Bortner Andrea Renee See Remarks April 1, 2026 Sell pre-set plan 1,851 $7.00 $12,957
Ragatz Erik D. Director March 27, 2026 Buy 125,000 $7.06 $882,500
Potter Jason J. N. President and CEO March 24, 2026 Buy 2,556 $6.68 $17,074
Potter Jason J. N. President and CEO March 23, 2026 Buy 110,252 $6.35 $700,100
Ragatz Erik D. Director March 19, 2026 Buy 50,000 $5.75 $287,500
Potter Jason J. N. President and CEO March 19, 2026 Buy 286,097 $5.90 $1.7M
Ragatz Erik D. Director March 18, 2026 Buy 33,997 $5.85 $198,882

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in Grocery Outlet Holding Corp. disclosed in the last 12 months; 6 earlier trades on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded March 6, 2023, filed April 17, 2023
  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded January 28, 2021, filed August 13, 2022
  • Susie Lee(D-NV 3):Sale (partial), $1,001 - $15,000, traded January 28, 2021, filed February 10, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 13, 2026
  • March 4, 2026
  • November 4, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Grocery Outlet Holding Corp. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Grocery Outlet Holding Corp. in brief

What does Grocery Outlet Holding Corp. do?
Grocery Outlet Holding Corp. is a US-listed company in the food retail industry. Its financial year ends in December.
What is Grocery Outlet Holding Corp.'s stock ticker?
Grocery Outlet Holding Corp. trades under the ticker GO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Grocery Outlet Holding Corp.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Grocery Outlet Holding Corp. reported revenue of $4.7B, 5.1% higher than a year earlier, according to its SEC filings.
What is Grocery Outlet Holding Corp.'s free cash flow?
Grocery Outlet Holding Corp.'s free-cash-flow margin is -0.1% of revenue over the trailing twelve months, ranking 9 of the 10 food retail companies we cover.
Who are Grocery Outlet Holding Corp.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are T. Rowe Price Investment Management, Inc., Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Grocery Outlet Holding Corp. buying back stock, and does it pay a dividend?
Grocery Outlet Holding Corp. spent $0 on share repurchases over the trailing twelve months, and its diluted share count fell 0.1% over the year.
What is Grocery Outlet Holding Corp.'s market cap?
On November 2, 2026, Grocery Outlet Holding Corp.'s market capitalisation was about $1.3B and net debt of $432M. Market figures come from third-party market data and may be delayed.
How much debt does Grocery Outlet Holding Corp. have?
Grocery Outlet Holding Corp.'s debt-to-equity ratio is 61.9%, from its latest balance sheet (45.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Grocery Outlet Holding Corp.'s competitors?
In our Food Retail peer group, the companies closest to Grocery Outlet Holding Corp. are Weis Markets Inc, Ingles Markets Inc, Sprouts Farmers Market, Inc., Village Super Market Inc and Natural Grocers By Vitamin Cottage, Inc. The side-by-side comparison below sets their revenue, margins and growth against Grocery Outlet Holding Corp.'s.
Are insiders buying or selling Grocery Outlet Holding Corp. stock?
Over the last 12 months, Grocery Outlet Holding Corp.'s directors and officers reported 19 open-market purchases and 12 sales on Form 4. The insider trading page charts every trade.
When is Grocery Outlet Holding Corp.'s next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Grocery Outlet Holding Corp. announces its own schedule.