earnings
confidence high
sentiment negative
materiality 0.85
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.