Here's why Grocery Outlet is shuttering 36 stores in 2026 [Yahoo! Finance]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: Yahoo! Finance
Grocery Outlet, the Emeryville-based discount grocer in Northern California, plans to close 36 financially underperforming stores in an attempt to improve profits after the company reported a substantial quarterly loss. These closures are part of a business “Optimization Plan” undertaken by the company's board Monday, which is expected to be “substantially completed during fiscal 2026,” according to a news release the company issued Wednesday. “We made progress on our strategic priorities in 2025; however, our fourth-quarter results made clear that we have more work to do, and we're moving quickly,” Company president and chief executive Jason Potter said in a statement. “At the same time, we're closing underperforming stores, reshaping our new store growth strategy and reallocating resources to strengthen operating results and returns on capital.” Currently, it's unknown which 36 locations will go dark. The company has stores nationwide, including 12 Grocery Outlets in Central
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News
- Why Grocery Outlet Stock Dived by 33% This Week [Yahoo! Finance]Yahoo! Finance
- This Popular Discount Grocer Is Shutting Down Dozens Of Stores [Yahoo! Finance]Yahoo! Finance
- Popular grocery chain closing dozens of locations, Alabama stores not impacted [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Bargain Market to close 6 N.J. stores, 36 nationally [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet (GO) was downgraded by Craig Hallum from "strong-buy" to "hold".MarketBeat
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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