Grocery Outlet (NASDAQ:GO) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Grocery Outlet (NASDAQ:GO) announced its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03, FiscalAI reports. Grocery Outlet had a negative net margin of 4.80% and a positive return on equity of 5.93%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet updated its FY 2026 guidance to 0.450-0.550 EPS.

Grocery Outlet Price Performance

NASDAQ:GO traded down $0.22 during midday trading on Wednesday, hitting $7.74. The company had a trading volume of 5,260,135 shares, compared to its average volume of 3,375,719. The company has a market capitalization of $765.64 million, a PE ratio of -3.38, a P/E/G ratio of 2.30 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Grocery Outlet has a 52-week low of $5.66 and a 52-week high of $19.41. The stock’s fifty day moving average price is $7.19 and its 200-day moving average price is $9.49.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Telsey Advisory Group cut shares of Grocery Outlet from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $15.00 to $9.00 in a research note on Thursday, March 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $7.00 price target (down from $18.00) on shares of Grocery Outlet in a report on Thursday, March 5th. Weiss Ratings upgraded Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. Morgan Stanley reduced their target price on Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Finally, TD Cowen restated a “hold” rating on shares of Grocery Outlet in a research note on Thursday, March 5th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $10.68.

Key Headlines Impacting Grocery Outlet

Here are the key news stories impacting Grocery Outlet this week:

• Neutral Sentiment: Investors are waiting for Grocery Outlet’s Q1 2026 earnings update, with analysts looking for clues on whether value-focused shopping trends are helping sales and whether promotions and store closures are still pressuring margins. Grocery Outlet Holding Corp Q1 2026: Everything You Need To Know Ahead Of Earnings
• Neutral Sentiment: Several firms reiterated that shareholders who bought GO between August 5, 2025 and March 4, 2026 may have claims in the pending class action, with the lead-plaintiff deadline approaching on May 15. The recurring legal reminders are keeping the stock in focus, even though they do not change fundamentals directly. Deadline Alert article
• Negative Sentiment: The lawsuits allege Grocery Outlet expanded too quickly, relied on aggressive store growth to support results, and may need additional store closures and asset write-downs to complete its restructuring plan. That narrative can pressure the shares because it raises concerns about the sustainability of growth and profitability. Holzer & Holzer lawsuit reminder

Insider Transactions at Grocery Outlet

In related news, EVP Steven K. Wilson sold 4,721 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $6.06, for a total value of $28,609.26. Following the completion of the sale, the executive vice president owned 120,171 shares in the company, valued at $728,236.26. The trade was a 3.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Erik D. Ragatz bought 50,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of $5.75 per share, with a total value of $287,500.00. Following the purchase, the director owned 526,500 shares of the company’s stock, valued at $3,027,375. This represents a 10.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 899,905 shares of company stock worth $5,396,307 and sold 89,493 shares worth $524,431. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Grocery Outlet

A number of hedge funds have recently made changes to their positions in GO. T. Rowe Price Investment Management Inc. grew its holdings in shares of Grocery Outlet by 54.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock valued at $159,216,000 after purchasing an additional 5,528,722 shares during the last quarter. Mackenzie Financial Corp boosted its position in Grocery Outlet by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock valued at $47,757,000 after buying an additional 22,418 shares during the period. Dimensional Fund Advisors LP boosted its position in Grocery Outlet by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock valued at $74,149,000 after buying an additional 221,693 shares during the period. Marshall Wace LLP grew its stake in shares of Grocery Outlet by 0.5% during the third quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock valued at $73,467,000 after buying an additional 20,819 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Grocery Outlet by 11.8% in the fourth quarter. State Street Corp now owns 4,375,319 shares of the company’s stock worth $44,191,000 after buying an additional 462,212 shares during the period. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. (NASDAQ: GO) is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company’s unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.