Grocery Outlet posts Q1 net loss of $180M on $1.17B revenue; comp sales down 1%

Grocery Outlet Holding Corp.

2026-Q1 EPS reported -$1.83 vs consensus $0.02 ▼ miss (-7539.0%)

Net sales $1.17B (+3.6% YoY); comparable store sales declined 1.0%.
Operating loss of $178M includes $158M goodwill impairment and $18.2M restructuring charges.
Net loss $180.3M or ($1.83) diluted EPS; adjusted EPS $0.05 vs $0.13 prior year.
Gross margin 29.6% vs 30.4% last year, down 80bps partly from restructuring-related inventory markdowns.
Adjusted EBITDA $43.1M (3.7% of sales); management notes sequential comp improvement through quarter.

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 0.95

Grocery Outlet Holding Corp. reported first quarter of fiscal 2026 ended April 4, 2026 results: revenue $1.17 billion, net income Net loss was $180.3 million, or $(1.83) per diluted share, EPS $(1.83) per diluted share.

Period: first quarter of fiscal 2026 ended April 4, 2026
Revenue: $1.17 billion
Net income: Net loss was $180.3 million, or $(1.83) per diluted share
EPS: $(1.83) per diluted share
Result: reported results

Exact text from the filing

for the first quarter of fiscal 2026 ended April 4, 2026. Highlights for First Quarter Fiscal 2026 as compared to First Quarter Fiscal 2025: • Net sales increased by 3.6% to $1.17 billion. • Comparable store sales declined by 1.0%. • Gross margin was 29.6% compared to 30.4% last year, a decline of 80 basis points, including a 50 basis point impact from inventory

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Source: SEC EDGAR

accession 0001771515-26-000054

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