---
schema_version: "secwatch.filing_event.v1"
accession: "0001771515-23-000046"
form_type: "8-K"
ticker: "GO"
cik: "0001771515"
company_name: "Grocery Outlet Holding Corp."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:42:22.771391+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grocery Outlet Q1 net sales +16.1%; raises fiscal 2023 guidance

## Summary
- Net sales $965.5M (+16.1% YoY); comparable store sales +12.1% (transactions +7.9%, ticket +3.9%).
- GAAP net income $13.7M ($0.14 diluted EPS); adjusted net income $27.0M ($0.27 adjusted diluted EPS).
- Adjusted EBITDA $63.1M (+36.9% YoY); margins expanded 100 bps as a percentage of net sales.
- Opened 3 new stores in Q1; ended quarter with 444 stores across eight states.
- Company raises full-year fiscal 2023 guidance on strong Q1 performance.

## SEC filing metadata
- accession: 0001771515-23-000046
- form_type: 8-K
- ticker: GO
- cik: 0001771515
- company_name: Grocery Outlet Holding Corp.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771515/000177151523000046/0001771515-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771515/000177151523000046/go-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001771515-23-000046
- JSON: https://secwatch.observer/filing/0001771515-23-000046.json
- Plain text: https://secwatch.observer/filing/0001771515-23-000046.txt

## Key facts
- Earnings Releases
  Grocery Outlet Holding Corp. reported first quarter of fiscal 2023 ended April 1, 2023 results: revenue Net sales increased by 16.1% to $965.5 million, net income Net income increased 18.5% to $13.7 million, EPS $0.14 per diluted share. Guidance raised.
  - Period: first quarter of fiscal 2023 ended April 1, 2023
  - Revenue: Net sales increased by 16.1% to $965.5 million
  - Net income: Net income increased 18.5% to $13.7 million
  - EPS: $0.14 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2023 Financial Results Q1 fiscal 2023 net sales increased 16.1% Comparable store sales grew 12.1% driven by a 7.9% increase in transactions GAAP net income increased 18.5% with diluted EPS of $0.14 Adjusted EBITDA (1) increased 36.9%, up 100 basis points as a percentage of net sales Company raises guidance for fiscal 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000177151523000046/0001771515-23-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.