This Popular Discount Grocer Is Shutting Down Dozens Of Stores [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
Affording groceries is already hard enough these days, and now a nationwide discount grocery that really helps people save is set to close three dozen stores. The company doing the shuttering is Grocery Outlet, a chain of grocery stores that, at least before these upcoming closings, had 570 locations across 16 states. Based out of California, Grocery Outlet is known for its unique budget model of independently-owned grocery stores, which keep prices low by purchasing overstock and closeout deals from other retailers and major brands. Quite literally applying the outlet mall model to food. However, despite the high demand for budget groceries , it appears Grocery Outlet may have been too ambitious in recent years. Up until this announcement, Grocery Outlet had been expanding quite rapidly. Those 570 stores were up from around 300 stores in 2019, and it had opened 42 locations last year. But during the most recent company earnings call, it was revealed that the company experienced a
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News
- Why Grocery Outlet Stock Dived by 33% This Week [Yahoo! Finance]Yahoo! Finance
- Here's why Grocery Outlet is shuttering 36 stores in 2026 [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
GO
Earnings
- 3/4/26 - Beat
GO
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