---
schema_version: "secwatch.filing_event.v1"
accession: "0001771515-24-000014"
form_type: "8-K"
ticker: "GO"
cik: "0001771515"
company_name: "Grocery Outlet Holding Corp."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:25:52.802712+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001771515-24-000014
- form_type: 8-K
- ticker: GO
- cik: 0001771515
- company_name: Grocery Outlet Holding Corp.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000014/0001771515-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000014/go-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001771515-24-000014
- JSON: https://secwatch.observer/filing/0001771515-24-000014.json
- Plain text: https://secwatch.observer/filing/0001771515-24-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000014/0001771515-24-000014-index.htm
- Earnings Releases
  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
  source text: During 2023, we increased our market share, achieved record sales of $4 billion, and grew Adjusted EBITDA by 18%,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000014/0001771515-24-000014-index.htm

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