---
schema_version: "secwatch.filing_event.v1"
accession: "0001771515-23-000085"
form_type: "8-K"
ticker: "GO"
cik: "0001771515"
company_name: "Grocery Outlet Holding Corp."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:28:27.187815+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grocery Outlet Q2 net sales $1.01B (+12.5%), comp sales up 9.2%; raises FY guidance

## Summary
- Net sales reached $1.01B, a Q2 record and first $1B quarter; comparable store sales +9.2% on 9.1% transaction growth.
- GAAP net income $24.5M ($0.24 diluted EPS), up 21.8% YoY; adjusted EPS $0.32, up 18.5%.
- Adjusted EBITDA rose 22.7% to $70.5M (7.0% of sales); gross margin expanded.
- Opened 4 stores during quarter, ended with 447 stores across eight states.
- Company raised fiscal 2023 guidance on strong performance and customer demand.

## SEC filing metadata
- accession: 0001771515-23-000085
- form_type: 8-K
- ticker: GO
- cik: 0001771515
- company_name: Grocery Outlet Holding Corp.
- filed_at: 2023-08-08T23:59:59+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/1771515/000177151523000085/0001771515-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771515/000177151523000085/go-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001771515-23-000085
- JSON: https://secwatch.observer/filing/0001771515-23-000085.json
- Plain text: https://secwatch.observer/filing/0001771515-23-000085.txt

## Key facts
- Earnings Releases
  Grocery Outlet Holding Corp. reported the second quarter of fiscal 2023 ended July 1, 2023 results: revenue $1.01 billion, net income $24.5 million, or $0.24 per diluted share. Guidance raised.
  - Period: the second quarter of fiscal 2023 ended July 1, 2023
  - Revenue: $1.01 billion
  - Net income: $24.5 million, or $0.24 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: for the second quarter of fiscal 2023 ended July 1, 2023. Highlights for Second Quarter Fiscal 2023 as compared to Second Quarter Fiscal 2022: • Net sales increased by 12.5% to $1.01 billion. • Comparable store sales increased by 9.2%, driven by a 9.1% increase in the number of transactions while average transaction size was flat. • The Company opened four new stores
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000177151523000085/0001771515-23-000085-index.htm

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