secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001771515-23-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151523000046/0001771515-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151523000046/go-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001771515-23-000046

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