Grocery Outlet (NASDAQ:GO) Releases FY 2026 Earnings Guidance

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.450-0.550 for the period, compared to the consensus earnings per share estimate of 0.470. The company issued revenue guidance of $4.6 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Grocery Outlet Trading Down 2.8%

Shares of GO traded down $0.22 during mid-day trading on Wednesday, reaching $7.74. 5,129,866 shares of the company were exchanged, compared to its average volume of 3,358,351. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.32 and a current ratio of 1.37. The stock has a market capitalization of $765.64 million, a PE ratio of -3.38, a PEG ratio of 2.30 and a beta of 0.66. The business has a 50 day simple moving average of $7.19 and a two-hundred day simple moving average of $9.49. Grocery Outlet has a 52 week low of $5.66 and a 52 week high of $19.41.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Grocery Outlet had a positive return on equity of 5.93% and a negative net margin of 4.80%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, analysts predict that Grocery Outlet will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on GO shares. Weiss Ratings upgraded shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. Craig Hallum lowered Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. The Goldman Sachs Group lowered their price target on Grocery Outlet from $12.00 to $9.00 and set a “sell” rating on the stock in a report on Thursday, February 19th. Telsey Advisory Group downgraded Grocery Outlet from an “outperform” rating to a “market perform” rating and cut their price target for the company from $15.00 to $9.00 in a research note on Thursday, March 5th. Finally, Morgan Stanley dropped their price target on shares of 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. Eleven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $10.68.

Insider Activity

In related news, Director Carey F. Jaros bought 40,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $6.26 per share, with a total value of $250,400.00. Following the completion of the purchase, the director owned 76,066 shares of the company’s stock, valued at $476,173.16. This trade represents a 110.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jason J. N. Potter purchased 286,097 shares of Grocery Outlet stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average cost of $5.90 per share, for a total transaction of $1,687,972.30. Following the purchase, the chief executive officer directly owned 574,366 shares in the company, valued at $3,388,759.40. This trade represents a 99.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 899,905 shares of company stock valued at $5,396,307 and have sold 89,493 shares valued at $524,431. Insiders own 4.50% of the company’s stock.

Key Stories 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

Hedge Funds Weigh In On Grocery Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd boosted its position in Grocery Outlet by 1,030.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after acquiring an additional 2,308 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Grocery Outlet in the 4th quarter valued at approximately $35,000. State of Wyoming lifted its stake in shares of Grocery Outlet by 96.9% during the fourth quarter. State of Wyoming now owns 7,886 shares of the company’s stock worth $80,000 after buying an additional 3,880 shares during the period. Shay Capital LLC acquired a new stake in Grocery Outlet during the 3rd quarter worth about $160,000. Finally, Olympiad Research LP acquired a new stake in shares of Grocery Outlet during the fourth quarter worth about $101,000. 99.87% of the stock is currently owned by institutional investors.

About Grocery Outlet

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.