Grocery Outlet Holding (NASDAQ: GO) — Company Overview, News & Financial Data
Grocery Outlet offers discounted groceries and organic products across the US, emphasizing value and sustainability through unique sourcing.
Grocery Outlet Holding
Grocery Outlet (NASDAQ:GO) is a value-oriented retailer known for offering name-brand groceries, fresh produce, and organic products at significantly lower prices than traditional grocery stores. Through a network of independently operated stores across the United States, Grocery Outlet prioritizes strategic buying and opportunistic sourcing to deliver these savings. The company's unique business model involves working closely with suppliers to secure overstock and closeout goods, allowing them to provide an ever-changing assortment of products at deeply discounted prices. This approach not only benefits budget-conscious shoppers but also contributes to reducing food waste, aligning with Grocery Outlet's objectives to offer value and sustainability.
Snapshot
Operations
Products and/or services of Grocery Outlet Holding
- Discount retail stores offering name-brand consumables and fresh products at reduced prices.
- Private label program providing exclusive, affordable products.
- NOSH (Natural, Organic, Specialty, Healthy) initiative offering quality, health-conscious products.
- Real estate and store development services to expand the chain.
- Supply chain logistics management ensuring product availability and freshness.
- Customer loyalty and marketing programs aimed at enhancing shopping experience and value.
Grocery Outlet Holding executive team
- Jason PotterPresident, CEO & Director
- Luke D. ThompsonExecutive VP, General Counsel & Corporate Secretary
- Andrea R. BortnerExecutive VP & Chief Human Resources Officer
- Ian D. FerryExecutive VP, CFO & Treasurer
- Susan LearySenior VP of Accounting & Principal Accounting Officer
- Kumar MishraSVP & Chief Information Officer
- Nicolo CottarelliSenior Vice President of Strategic Finance & Investor Relations
- Jon DeckerSenior Vice President of Stores, Sales & Merchandising
- Jim PorterfieldSenior VP & Chief Marketing Officer
- Paul MillerExecutive Vice President, Chief Purchasing & Merchandising Officer
Latest news about Grocery Outlet Holding
Key financials
Reported results for Grocery Outlet Holding , in USD.
- Market cap
- 1.3B
- Revenue (TTM)
- 4.7B
- P/E ratio
- —
- EPS (diluted, TTM)
- -4.0
- Dividend yield
- —
- Profit margin
- -8.0%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 4.7B | -221.7M | -224.9M | |
| 4.4B | 78.3M | 39.5M | |
| 4B | 125.8M | 79.4M | |
| 3.6B | 95M | 65.1M |