secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001771515-22-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet Q4 net sales down 3.0% to $782.7M; net income falls 72.6%
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- Q4 net sales of $782.7M decreased 3.0% YoY (Q4 2020 included 53rd week worth $53.3M).
- Comparable store sales on 13-week basis declined 1.2% vs +7.9% a year ago.
- Net income of $6.6M ($0.07 diluted EPS) down 72.6%; adjusted net income $20.0M ($0.20 adj. EPS) down 17.5%.
- Adjusted EBITDA fell 7.5% to $47.4M; opened 8 new stores, ending at 415 locations.
- CEO cites better-than-expected topline and gross margin despite challenging compare.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151522000009/0001771515-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151522000009/go-20220301.htm
  HTML page:      https://secwatch.observer/filing/0001771515-22-000009

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