Grocery Outlet Holding (GO)
NASDAQ:GO
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.12Last Year’s EPS
0.23Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mix of early operational improvements and material near-term headwinds. Positive indicators included improving traffic (up ~2% Q1 and 2%–5% in March), a ~200 basis point increase in opportunistic mix, adjusted EBITDA and adjusted EPS that met or beat guidance, progress on store refreshes and completed store closures that should improve fleet quality and deliver an expected ~$12 million adjusted EBITDA run-rate benefit. Counterbalancing these positives were meaningful GAAP losses driven by a $158 million goodwill impairment and $18.2 million restructuring charges, a decline in comparable store sales (-1%) and units per transaction (-3.1%), gross margin pressure (29.6%, down ~80 bps YoY) including inventory liquidations, and a drop in adjusted EBITDA margin from 4.6% to 3.7%. Management reiterated full-year guidance and expects margin improvement in the back half as opportunistic mix ramps and promotional spend declines. Overall, the results and commentary represent a transitional quarter with encouraging operational signs but significant near-term financial noise.Company Guidance
Revenue Growth in Q1
Net sales of $1.17 billion in Q1, up 3.6% year-over-year, driven by recent store openings and early traction from strategic initiatives.
Traffic and Customer Response Improving
Customer traffic strengthened throughout the quarter, up approximately 2.1% for Q1 with weekly March traffic growth in the range of 2%–5% year-over-year; Net Promoter Score and survey data also showed improvement, indicating positive customer reaction to value initiatives.
Opportunistic Product Mix Progress
Opportunistic (branded opportunistic) mix increased by nearly 2 percentage points (about 200 basis points) since the start of the year, with improvements in shipments, inventory and variety that management attributes to early comp and traffic gains.
Adjusted EBITDA and Adjusted EPS Performance
Adjusted EBITDA of $43.1 million for Q1 (top end of the company’s range) and adjusted net income of $4.6 million; adjusted EPS of $0.05 beat the guidance midpoint by $0.01.
Store Refresh Program and Operator Support
Completed 34 store refreshes in Q1 (58 total to date) with positive customer and independent operator feedback; company expects ~100 refreshes by year-end while prioritizing opportunistic execution.
Fleet Optimization and Expected Run-Rate Savings
Executed planned closures of underperforming stores (36 total planned closures for the year now complete), which management expects will improve fleet quality and deliver roughly $12 million of incremental adjusted EBITDA on an annual run-rate basis after restructuring.
Liquidity and Leverage Position
Ended Q1 with $59 million cash and about $175 million available on the revolver; total debt (net of issuance costs) $489.3 million and net leverage approximately 1.8x adjusted EBITDA, providing financial flexibility.
Maintained Full-Year Guidance and Tactical Promotional Investment
Reiterated full-year guidance and provided Q2 outlook while planning $20 million of promotional/investment support for the year to bridge opportunistic mix ramp; management expects gross margin to improve in the back half as opportunistic mix grows and promotions taper.
GO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $7.74 | $7.67 | -0.90% |
Mar 04, 2026 | $8.79 | $6.34 | -27.87% |
Nov 04, 2025 | $14.17 | $13.03 | -8.05% |
Aug 05, 2025 | $13.02 | $18.58 | +42.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grocery Outlet Holding (GO) report earnings?
Grocery Outlet Holding (GO) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Grocery Outlet Holding (GO) earnings time?
Grocery Outlet Holding (GO) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GO EPS forecast?
GO EPS forecast for the fiscal quarter 2026 (Q2) is 0.12.