Grocery Outlet Q4 net sales up 6.3% to $989.8M; net income down 11.2%

Grocery Outlet Holding Corp.

2023-FY EPS reported $0.79 revenue$3,969,453,000

Comparable store sales +2.7% driven by 7.5% transaction growth; average transaction size fell 4.5%.
Tech disruptions from new platforms in late Aug 2023 estimated to have cut comps by ~200bps and gross margin by 130bps in Q4.
Q4 net income $14.1M ($0.14 diluted EPS), down 11.2%; adjusted net income $18.2M ($0.18 adjusted EPS), down 19.6%.
FY2023 record net sales ~$4B; Adjusted EBITDA grew 18% YoY.
CEO cites pending acquisition of United Grocery Outlet to expand in Southeast; full FY2024 outlook including deal impact referenced.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Grocery Outlet Holding Corp. reported the fourth quarter ended December 30, 2023 results: revenue $989.8 million, net income $14.1 million, EPS $0.14 per diluted share. Guidance initiated.

Period: the fourth quarter ended December 30, 2023
Revenue: $989.8 million
Net income: $14.1 million
EPS: $0.14 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

quarter and full fiscal year 2023 ended December 30, 2023. Highlights for Fourth Quarter Fiscal 2023 as compared to Fourth Quarter Fiscal 2022: • Net sal es increased by 6.3% to $989.8 million. • Comparable store sale s increased by 2.7%, driven by a 7.5% increase in the number of transactions, partially offset by a 4.5% decrease in average transaction size. • Gross

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Grocery Outlet Holding Corp. reported full fiscal year 2023 ended December 30, 2023 results: revenue $4 billion. Guidance initiated.

Period: full fiscal year 2023 ended December 30, 2023
Revenue: $4 billion
Guidance: initiated
Result: reported results

Exact text from the filing

During 2023, we increased our market share, achieved record sales of $4 billion, and grew Adjusted EBITDA by 18%,

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Grocery Outlet Holding Corp. filing history →

Source: SEC EDGAR

accession 0001771515-24-000014

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.