Grocery Outlet Holding Corp. income statement
In fiscal 2025, Grocery Outlet Holding Corp. reported revenue of $4.69bn, up 7.3% on the year before, operating income of −$222m (a -4.7% margin) and net income of −$225m, or −$2.30 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,075 | 2,288 | 2,560 | 3,135 | 3,080 | 3,578 | 3,969 | 4,372 | 4,689 | 4,743 |
| Cost of revenue | 1,444 | 1,592 | 1,773 | 2,161 | 2,131 | 2,486 | 2,728 | 3,050 | 3,269 | 3,320 |
| Gross profit | 632 | 695 | 787 | 973 | 949 | 1,092 | 1,242 | 1,322 | 1,419 | 1,422 |
| Selling, general and administrative | 510 | 557 | 639 | 772 | 860 | 997 | 1,116 | 1,228 | 1,332 | 1,351 |
| Operating income | 77 | 82 | 68 | 107 | 89 | 95 | 126 | 78 | −222 | −374 |
| Income before tax | 26 | 22 | 17 | 87 | 78 | 76 | 104 | 56 | −249 | −402 |
| Income tax | 5 | 6 | 1 | −20 | 15 | 11 | 25 | 17 | −24 | −20 |
| 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 |
| Diluted shares (average) | 68m | 69m | 82m | 98m | 99m | 100m | 101m | 100m | 98m | 99m |
| EBITDA | 120 | 128 | 116 | 163 | 157 | 173 | 214 | 187 | −114 | −266 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,108 | 1,098 | 1,126 | 1,180 | 1,168 | 1,215 | 1,166 | 1,193 |
| Cost of revenue | 763 | 774 | 783 | 819 | 813 | 854 | 821 | 832 |
| Gross profit | 345 | 324 | 342 | 361 | 355 | 361 | 345 | 361 |
| Selling, general and administrative | 305 | 297 | 331 | 337 | 331 | 333 | 347 | 340 |
| Operating income | 40 | 11 | −23 | 13 | 23 | −235 | −178 | 16 |
| Income before tax | 34 | 4 | −29 | 6 | 16 | −243 | −184 | 9 |
| Income tax | 10 | 2 | −6 | 1 | 5 | −24 | −4 | 4 |
| Net income | 24 | 2 | −23 | 5 | 12 | −218 | −180 | 6 |
| Diluted EPS | $0.24 | $0.03 | −$0.24 | $0.05 | $0.12 | −$2.23 | −$1.83 | $0.06 |
| EBITDA | 64 | 53 | 2 | 39 | 50 | −205 | −153 | 42 |
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