secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001771515-21-000086
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet Q3 net sales flat, comps down 4.3%; net income falls 57.7%; $100M buyback authorized
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- Net sales $768.9M (+0.6% YoY); comparable store sales -4.3% vs +9.1% last year.
- Net income $17.1M (-57.7% YoY), $0.17 diluted EPS; adjusted net income $23.4M (-15.3%).
- Adjusted EBITDA $51.4M (-6.2% YoY); adjusted diluted EPS $0.24.
- Opened 7 new stores; total stores 407 across six states.
- Board authorized $100M share repurchase program, no expiration, funded from cash on hand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151521000086/0001771515-21-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151521000086/go-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001771515-21-000086

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