Grocery Outlet closing 36 stores in the US. Here's why. [USA TODAY]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: USA TODAY
During the call, Grocery Outlet President and CEO Jason Potter, who joined the company just over a year ago, said the retailer's fourth quarter results were "unacceptable," and there is "more work to do than we expected." In 2025, the grocery retailer opened 42 new stores and closed five. By the end of the year, the company had 570 stores across 16 states, per the call. According to Potter, the bargain grocery store analyzed its portfolio and ultimately decided to close 36 locations, 24 of which are in the eastern United States and represent about 30% of the region's stores. "We are not fully exiting any state, and we believe we have a meaningful opportunity to grow in the east over the long term," Potter said. "However, it's clear now that we expanded too quickly, and these closures are a direct correction." Potter added that the grocery retailer's remaining 51 stores in the eastern U.S. have been profitable and ended the fourth quarter with a 3.3% increase in sales. The clo
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News
- Grocery Outlet to close dozens of ‘underperforming' stores [Yahoo! Finance]Yahoo! Finance
- Why Grocery Outlet (GO) Shares Are Sliding Today [Yahoo! Finance]Yahoo! Finance
- Shareholder Alert: Ademi LLP Investigates Claims of Securities Fraud against Grocery Outlet Holding Corp.PR Newswire
- INVESTOR ALERT: Investigation of Grocery Outlet Holding Corp. (GO) announced by Holzer & Holzer, LLCGlobeNewswire
- Grocery Outlet (GO) had its price target lowered by DA Davidson from $11.00 to $7.00. They now have a "neutral" rating on the stock.MarketBeat
GO
Earnings
- 3/4/26 - Beat
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Sec Filings
- 3/4/26 - Form S-8
- 3/4/26 - Form 10-K
- 3/4/26 - Form 8-K
- GO's page on the SEC website