secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001771515-24-000128
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet Q2 net sales up 11.7% to $1.13B, net income falls 42.8%, comps +2.9%
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- Net sales $1.13B, +11.7% YoY; comparable store sales +2.9% (transactions +5.1%, avg ticket -2.1%).
- Gross margin 30.9%, down 140 bps; tech disruptions estimated to have negatively impacted by 100 bps.
- Net income $14.0M ($0.14 EPS), -42.8% YoY; adjusted net income $25.1M ($0.25 adj. diluted EPS).
- Adjusted EBITDA $67.9M (6.0% of sales), -3.7% YoY.
- Ended with 524 stores: opened 11 new, closed 1, plus 40 acquired from United Grocery Outlet on Apr 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151524000128/0001771515-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151524000128/go-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001771515-24-000128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer