Grocery Outlet Holding Corp. Releases 2024 Impact Report

Core Viewpoint - Grocery Outlet Holding Corp. emphasizes its commitment to stakeholders through initiatives aimed at promoting affordable food access, reducing waste, and encouraging entrepreneurship, as outlined in its 2024 Impact Report [1][2]. Summary by Relevant Categories Saving Customers Money - The company utilizes an opportunistic buying model and strategic supplier partnerships to offer significant savings on products compared to conventional retailers, helping customers manage their budgets effectively [2]. Providing Affordable, Quality Food - Grocery Outlet launched over 180 new private label SKUs in 2024, enhancing its market presence and providing accessible, nutritious food options for customers across various income levels [2]. Giving Back to Communities - The Independence from Hunger Campaign raised nearly $4.9 million in 2024, and the inaugural GO Volunteer Day provided 34,000 meals to local community members, reflecting the company's commitment to community engagement [2]. Creating Opportunities for Independent Operators - The company attracted over 40,000 inquiries to join its network of Independent Operators (IOs) in 2024, welcoming 49 new IOs and growing its network to 481, including some operating multiple stores [2]. Driving Engagement with Employees - Grocery Outlet focuses on competitive pay and benefits to attract and retain talent, while expanding learning and development initiatives to support career advancement across all organizational levels [2]. Reducing Food Waste - The company avoided over 762 million pounds of food waste in 2024 and donated approximately 3.3 million pounds of groceries to food banks, marking a more than 60% increase from the previous year [2]. Improving Operational Efficiency - Grocery Outlet achieved a 73% increase in stores using efficient CO2 refrigeration, with 100% of stores employing energy management systems and 63% of third-party carriers being SmartWay certified [2].