Grocery Outlet Holding Corp. (GO) Earnings Call Transcripts

Grocery Outlet Holding Corp.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal 2026, Grocery Outlet Holding Corp. reported revenue of $1.17 billion, reflecting a 3.6% increase year-over-year, and adjusted EPS of $0.05, exceeding guidance by $0.01. Comparable store sales declined 1%, slightly better than the anticipated decline of 2.5%. Management maintained its full-year guidance, projecting continued improvement in performance driven by strategic initiatives focused on enhancing customer value perception and optimizing store operations.

Reported metrics

Guidance from management

Management reiterated full-year guidance, expecting adjusted EBITDA of $55 million to $58 million for Q2 and comparable store sales to decline between 1.5% and 2%. They anticipate gross margin to improve in the back half of the year as promotional spending decreases.

What management said

Yes. I guess on the first on the SNAP customer, still a little less than 10% of our sales. And everything we see there on EBT dollars and customers is relatively stable. So I don't think there's anything we can add at this point, where that's what we see there. Second question on traffic. Again, not seeing a big difference in kind of cohort, but continued improvement in traffic month-on-month-on-month as the quarter ...

Well, I think -- I mean, from a traffic perspective, I think we'll continue to see the positive traffic that we exited Q1. And then as Jason talked about, improving the basket, that will start to happen as becomes a greater percentage of the mix. So I think we're expecting to see that start to improve probably towards the back half of the second quarter.

What analysts pressed on

Analysts expressed concerns regarding the impact of inflation on consumer spending and the ability to maintain margins amidst rising costs. There were questions about the effectiveness of promotional strategies and whether they could sustain traffic improvements in a challenging economic environment.

Main topics on the call

• Revenue Growth — Grocery Outlet achieved Q1 revenue of $1.17 billion, up 3.6% year-over-year, driven by new store openings despite a 1% decline in comparable store sales. Management noted, 'traffic remained positive, up approximately 2%,...
• Comparable Store Sales Performance — The company reported a 1% decline in comparable store sales, which was better than the expected decline of 2.5%. Management stated, 'this was slightly ahead of our outlook,' suggesting a stabilization in sales trends as ...
• Gross Margin and Promotional Investments — Gross margin was reported at 29.6%, impacted by promotional investments and store closures. Management indicated that they expect gross margin to improve in the second half of the year as promotional spending decreases, ...
• Store Refresh Program — The company completed 34 store refreshes in Q1 and plans to complete approximately 100 by year-end, down from an initial target of 120. Management noted, 'this sharper focus will reduce distractions and help us return co...

Read the full Grocery Outlet Holding Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 34 Grocery Outlet Holding Corp. earnings call transcripts on record, spanning March 24, 2020 to August 12, 2026. Based on this history, Grocery Outlet Holding Corp. reports quarterly. The most recent call on file is dated August 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GO

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

34

First call

March 24, 2020

Most recent

August 12, 2026

Reporting cadence

quarterly