---
schema_version: "secwatch.filing_event.v1"
accession: "0001771515-24-000092"
form_type: "8-K"
ticker: "GO"
cik: "0001771515"
company_name: "Grocery Outlet Holding Corp."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:29:22.434518+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grocery Outlet Q1 net loss $1.0M; sales up 7.4% but gross margin down 180bps

## Summary
- Net sales $1.04B (+7.4% YoY); comparable store sales +3.9% (transactions +7.0%, ticket -2.9%).
- Net loss $1.0M (EPS -$0.01); adjusted net income $8.8M (-67.4%) vs $27.0M prior year.
- Gross margin 29.3% (-180bps); system disruptions estimated to have negatively impacted margin by 210bps.
- Adjusted EBITDA $39.4M (-37.5%); includes $12.4M operator commission support related to system upgrades.
- Opened 6 new stores in Q1, ending with 474 stores across nine states.

## SEC filing metadata
- accession: 0001771515-24-000092
- form_type: 8-K
- ticker: GO
- cik: 0001771515
- company_name: Grocery Outlet Holding Corp.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1771515/000177151524000092/0001771515-24-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000092/go-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001771515-24-000092
- JSON: https://secwatch.observer/filing/0001771515-24-000092.json
- Plain text: https://secwatch.observer/filing/0001771515-24-000092.txt

## Key facts
- Earnings Releases
  Grocery Outlet Holding Corp. reported the first quarter of fiscal 2024 ended March 30, 2024 results: revenue $1.04 billion, net income $(0.01) per share, EPS $(0.01) per share. Guidance reaffirmed.
  - Period: the first quarter of fiscal 2024 ended March 30, 2024
  - Revenue: $1.04 billion
  - Net income: $(0.01) per share
  - EPS: $(0.01) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: for the first quarter of fiscal 2024 ended March 30, 2024. Highlights for First Quarter Fiscal 2024 as compared to First Quarter Fiscal 2023: • Net sales increased by 7.4% to $1.04 billion. • Comparable store sales increased by 3.9%, driven by a 7.0% increase in the number of transactions, partially offset by a 2.9% decrease in average transaction size. • The
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000092/0001771515-24-000092-index.htm

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