secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2021-08-10T23:59:59+00:00
Accession:  0001771515-21-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet Q2 net sales $775.5M (-3.5% YoY); comp sales -10.0%; net income $19.6M (-33%)
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- Comparable store sales fell 10.0% vs +16.7% in Q2 2020; net sales $775.5M, down 3.5%.
- Net income $19.6M ($0.20 diluted EPS) vs $29.3M ($0.30) prior year; adjusted net income $23.3M ($0.23 adj. EPS).
- Adjusted EBITDA decreased 15.7% to $50.8M; opened 11 new stores, ending quarter with 400 stores.
- CEO noted results at high end of expectations, citing strong opportunistic supply and customer engagement.
- Company continues to invest in long-term growth despite changing consumer behaviors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151521000062/0001771515-21-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151521000062/go-20210810.htm
  HTML page:      https://secwatch.observer/filing/0001771515-21-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer