Core Insights - iFoodDS has partnered with Grocery Outlet to implement traceability software for compliance with FSMA 204, enhancing food safety and transparency in the supply chain [1][2][3] Company Overview - Grocery Outlet is a high-growth, extreme-value retailer with over 520 stores across multiple states, focusing on quality, name-brand consumables and fresh products [6] - iFoodDS specializes in food traceability software, offering solutions that improve supply chain visibility and compliance with food safety regulations [4][6] Regulatory Compliance - FSMA 204 establishes traceability recordkeeping requirements to facilitate the rapid identification and removal of potentially contaminated food from the market [2] - The partnership aims to streamline compliance processes for Grocery Outlet and its suppliers, reducing costs and operational complexity [3][4] Technology and Solutions - The iFoodDS traceability platform is designed specifically for FSMA 204 compliance, allowing for efficient data capture, storage, and sharing [3][4] - iFoodDS provides flexible and cost-effective solutions that enhance the integrity of the food supply chain [4]

Here is how Grocery Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for Grocery Outlet here>>> Shares of Grocery Outlet have returned +17.8% over the past month versus the Zacks S&P 500 composite's +11.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Grocery Outlet Holding Corp. (GO) reported $1.13 billion ...

Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 85.71%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of $0.17 per share when it actually produced earnings of $0.15 ...

Grocery Outlet (GO) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Christine Chen - VP & Head of Investor RelationsJason Potter - President and Chief Executive OfficerChris Miller - CFOCorey Tarlowe - SVP - Equity ResearchTom Nass - VP - Equity ResearchJoseph Feldman - Senior MD & Assistant Director - ResearchAnthony Chukumba - Managing DirectorSimeon Gutman - Managing Director Conference Call Participants Anthony Bonadio - AnalystRobbie Ohmes - AnalystMatthew Rothway - AnalystJohn Hein ...

Financial Data and Key Metrics Changes - Net sales increased by 8.5% to $1,130,000,000 compared to the previous year, driven by new store openings and a 30 basis point increase in comparable store sales [29][30] - Gross profit rose by 12.7% to $342,400,000, with gross margin improving by 110 basis points to 30.4%, exceeding expectations due to better inventory management [30] - Adjusted EBITDA increased by 31.7% to $51,900,000, with an adjusted EBITDA margin of 4.6%, up 80 basis points from the prior year [32][33] - Net loss was $23,300,000 or negative $0.24 per diluted share, compared to a net loss of $1,000,000 or negative $0.01 per diluted share last year [31] Business Line Data and Key Metrics Changes - The company opened 11 new stores and closed one, ending the quarter with 543 stores across 16 states, on track to meet the annual target of 33 to 35 new stores [29][30] - Comparable store sales growth was driven by a 2.3% increase in the number of transactions, partially offset by a 2% decrease in average transaction size [29] Market Data and Key Metrics Changes - The company is moderating its outlook for annual comparable store sales growth due to current business trends and macroeconomic uncertainties [21][28] - The first quarter was impacted by the shift of the Easter holiday into the second quarter, affecting sales performance [29] Company Strategy and Development Direction - The company is focusing on four strategic imperatives: improving new store performance, securing top talent, addressing execution gaps, and enhancing the ability to execute at scale [9][10] - Plans include piloting a new commercial execution playbook and clustering stores in new markets to optimize returns on invested capital [10][11] - The company aims to strengthen relationships with independent operators and suppliers to enhance the overall business model [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term addressable market and the potential for improved costs and margins with focused execution [8][22] - The company is committed to enhancing the in-store experience and driving customer loyalty through better execution and value delivery [22][24] - Management acknowledged the need to balance margin maintenance with market share defense in the current environment [94] Other Important Information - The company incurred $33,900,000 in restructuring charges during the first quarter, which includes lease termination costs and other related expenses [31] - The effective tax rate for the quarter was 19.7%, a significant decrease from 60% in the same quarter last year [33] Q&A Session Summary Question: Strategy and Growth Level - Management emphasized the importance of execution and building a loved brand, focusing on capabilities to enhance customer experience and drive loyalty [41][42] Question: Second Quarter Guidance and Comp Trajectory - Management discussed ongoing commercial and execution activities aimed at improving sales, despite a softer basket size and macroeconomic uncertainties [44][47] Question: Real-Time Order Guide Impact - Initial feedback on the real-time order guide has been positive, with improved fill rates expected to enhance sales over time [51][52] Question: Gross Margin Performance - Improved shrinkage and better inventory management contributed to better-than-expected gross margin performance, with expectations for sustainability throughout the year [54][56] Question: Opportunistic Sourcing Trends - Strong supplier relationships continue to provide opportunities for opportunistic sourcing, with a focus on enhancing visibility and execution [60][61] Question: KVI and Field Organization - Management is focused on tightening key value indicators and considering potential investments in field organization support to enhance store performance [63][66] Question: Basket Size Insights - The decrease in basket size is attributed to fewer items per basket, with ongoing efforts to improve inventory fulfillment and customer experience [69][72] Question: April Trends and Consumer Behavior - April showed some softness in sales, with management noting uncertainty in consumer behavior but no evidence of significant trading down [76][90] Question: Restructuring Plan and Guidance Impact - Restructuring costs are expected to remain within the original range, with no significant impact on profitability guidance for the year [91][92] Question: United Grocery Outlet Integration - Sales growth at United Grocery Outlet is in line with expectations, with integration plans set for late 2026 [99]

Exhibit 99.1 Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2025 Financial Results Emeryville, CA – May 6, 2025 – Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the first quarter of fiscal 2025 ended March 29, 2025. Highlights for First Quarter Fiscal 2025 as compared to First Quarter Fiscal 2024: "We delivered solid first quarter results, with comp-store sales and gross margins slightly ahead of our outlook, driv ...

EMERYVILLE, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the first quarter of fiscal 2025 ended March 29, 2025. Adjusted net income, diluted adjusted earnings per share and adjusted EBITDA are non-GAAP financial measures, which exclude the impact of certain special items. Please note that our non-GAAP financial (1) measures should be considered as a supplement to, and not as a substit ...

Core Viewpoint - Grocery Outlet Holding Corp. is set to announce its first-quarter fiscal 2025 earnings results, with investors keenly observing its performance amidst challenges and growth opportunities in the competitive grocery sector [1] Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $1,128 million, indicating an 8.8% year-over-year improvement [2] - The earnings per share estimate is stable at 7 cents, reflecting a year-over-year decline of 22.2% [2] Earnings Performance and Factors - Grocery Outlet has a trailing four-quarter negative earnings surprise of 8.3% on average, with the last quarter's bottom line underperforming the Zacks Consensus Estimate by 11.8% [3] - Key factors supporting top-line growth include opportunistic purchasing, targeted marketing, and a disciplined store expansion strategy [3] - The expanded product assortment, featuring a mix of branded and private-label items, resonates with value-seeking consumers, enhancing customer engagement and shopping frequency [3] Strategic Collaborations and Technology - Collaborations with Instacart, DoorDash, and Uber Technologies aim to enhance accessibility and convenience through same-day delivery partnerships [4] - The mobile app has gained traction, allowing customers to access personalized deals and early promotions [4] Store Expansion and Operational Efficiency - The company's measured approach to store expansion and investments in supply-chain efficiency are expected to positively impact first-quarter performance [5] - Focusing growth on high-return markets and clustering locations aims to improve operational efficiency and capital productivity [5] Financial Challenges - Although Grocery Outlet has largely overcome the financial impacts of its system transition, lingering challenges may hinder margin expansion and operational scalability [6] - SG&A expenses are expected to rise by 12% in the first quarter, leading to a 110-basis point deleverage to 30.4% of net sales [6] Earnings Prediction - The Zacks Model predicts an earnings beat for Grocery Outlet, supported by a positive Earnings ESP and a Zacks Rank of 3 (Hold) [7][8]

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Grocery Outlet Holding Corp. (NASDAQ:GO) on behalf of long-term stockholders following a class action complaint that was filed against Grocery Outlet on January 30, 2025 with a Class Period from August 9, 2023, to October 29, 2024. Our investigation concerns whether the board of directors of Grocery Outlet have breached their fiduciary dutie ...

Core Viewpoint - Grocery Outlet Holding Corp. (GO) is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ended March 2025, with the consensus outlook being crucial for assessing the company's earnings picture [1][2]. Earnings Expectations - The consensus estimate for quarterly earnings is $0.07 per share, reflecting a year-over-year decrease of 22.2%, while revenues are anticipated to reach $1.13 billion, an increase of 8.7% from the previous year [3]. - The stock may experience upward movement if actual results exceed expectations, while a miss could lead to a decline [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly reassessed their initial estimates during this period [4]. - A positive Earnings ESP of +12.50% suggests that analysts have recently become more optimistic about the company's earnings prospects [10]. Historical Performance - In the last reported quarter, Grocery Outlet was expected to post earnings of $0.17 per share but delivered $0.15, resulting in a surprise of -11.76% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Predictive Indicators - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - The current Zacks Rank for Grocery Outlet is 3, indicating a likelihood of beating the consensus EPS estimate [11].