Business
Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2025 Financial Results
EMERYVILLE, Calif., March 04, 2026 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our") today
About this update from Grocery Outlet Holding Corp.
[{"type":"text","content":"EMERYVILLE, Calif., March 04, 2026 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (\"Grocery Outlet,\" the \"Company,\" \"we\" or \"our\") today announced financial results for the fourth quarter and full fiscal year ended January 3, 2026, both of which contained one additional week (\"53rd week\") versus the comparable prior periods. Additionally, the Company today announced a business optimization plan (the “Optimization Plan”) to improve operational execution, strengthen long-term profitability and increase cash flow generation. Highlights for Fourth Quarter Fiscal 2025 as compared to Fourth Quarter Fiscal 2024: Net sales increased by 10.7% to $1.22 billion, which includes $82.4 million from the 53rd week.Comparable store sales declined by 0.8% on a 13-week basis.Gross margin was 29.7% compared to 29.5% last year.Operating loss was $234.8 million, which included $110.2 million in non-cash impairment of long-lived assets and $149.0 million in non-cash goodwill impairment.Net loss was $218.2 million, or $(2.22) per diluted share, compared to net income of $2.3 million, or $0.02 per diluted share last year. Adjusted net income(1) was $18.7 million, or $0.19 diluted adjusted earnings per share(1), compared to $14.5 million, or $0.15 diluted adjusted earnings per share(1) last year.Adjusted EBITDA(1) was $68.0 million, representing 5.6% of net sales. Highlights for Fiscal 2025 as compared to Fiscal 2024: Net sales increased by 7.3% to $4.69 billion.Comparable store sales increased by 0.5% on a 52-week basis.Gross margin was 30.3% compared to 30.2% last year.Operating loss was $221.7 million, which included $113.8 million in non-cash impairment of long-lived assets, $45.9 million in restructuring charges and $149.0 million in non-cash goodwill impairment.Net loss was $224.9 million, or $(2.30) per diluted share, compared to net income of $39.5 million, or $0.40 per diluted share last year. Adjusted net income(1) was $75.2 million, or $0.76 diluted adjusted earnings per share(1), compared to $76.3 million, or $0.77 diluted adjusted earnings per share(1) last year.Adjusted EBITDA(1) increased by 7.4% to $254.3 million, representing 5.4% of net sales. __________________________________(1) Adjusted net income, diluted adjusted earnings per share and adjusted EBITDA are non-GAAP financial measures, which exclude the impac...