Grocery Outlet reports Q3 adjusted EPS 57c, consensus 19c

Reports Q3 revenue $1.17B, consensus $1.18B. Comparable store sales increased by 1.2%. “In the third quarter, we made progress on our key initiatives while delivering strong bottom-line results. In addition, we launched our store refresh program at an initial group of pilot stores,” said Jason Potter, President and CEO of Grocery Outlet (GO). “By improving our store layouts, expanding our core assortment, elevating our value messaging, and providing IOs with enhanced tools, training and support, the pilot stores in the refresh program are seeing impressive results. We plan to expand the refresh program with a broad rollout starting in the fourth quarter. While same store sales growth did not meet our expectations in the third quarter, we believe these efforts, together with the exceptional talent we’ve added to our team and improved tools for IOs, position us well to accelerate same store sales growth in 2026.”