Business
Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2025 Financial Results
EMERYVILLE, Calif., Aug. 05, 2025 (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., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (\"Grocery Outlet,\" the \"Company,\" \"we\" or \"our\") today announced financial results for the second quarter of fiscal 2025 ended June 28, 2025. Highlights for Second Quarter Fiscal 2025 as compared to Second Quarter Fiscal 2024: Net sales increased by 4.5% to $1.18 billion.Comparable store sales increased by 1.1%.Gross margin was 30.6% compared to 30.9% last year.SG&A increased by 4.2% to $336.8 million.Operating income was $12.8 million, which included $11.2 million in restructuring charges.Net income was $5.0 million, or $0.05 per diluted share, compared to net income of $14.0 million, or $0.14 per diluted share last year. Adjusted net income(1) was $22.8 million, or $0.23 diluted adjusted earnings per share(1), compared to $25.1 million, or $0.25 diluted adjusted earnings per share(1) last year.Adjusted EBITDA(1) was $67.7 million, representing 5.7% of net sales. Highlights for the 26 Weeks Ended June 28, 2025 as compared to the 26 Weeks Ended June 29, 2024: Net sales increased by 6.5% to $2.31 billion.Comparable store sales increased by 0.7%.Gross margin was 30.5% compared to 30.2% last year.SG&A increased by 6.6% to $667.8 million.Operating loss was $9.7 million, which included $45.0 million in restructuring charges.Net loss was $18.4 million, or $(0.19) per diluted share, compared to net income of $13.0 million, or $0.13 per diluted share last year. Adjusted net income(1) was $35.8 million, or $0.36 diluted adjusted earnings per share(1), compared to $33.9 million, or $0.34 diluted adjusted earnings per share(1) last year.Adjusted EBITDA(1) increased by 11.5% to $119.6 million, representing 5.2% of net sales. __________________________________(1) Adjusted net income, diluted adjusted earnings per share and adjusted EBITDA are non-GAAP financial measures, which exclude the impact of certain special items. Please note that our non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the \"Non-GAAP Financial Information\" section of this release as well as the respective reconciliations of our non-GAAP financial measures below for additional information about these items. “Our focus on execution is beginning to ...