These Analysts Slash Their Forecasts On Grocery Outlet Following Downbeat Q4 Results

Core Viewpoint - Grocery Outlet Holding Corp reported disappointing fourth-quarter financial results and provided FY26 sales guidance below market expectations [1][2] Financial Performance - The company reported quarterly earnings of 19 cents per share, missing the analyst consensus estimate of 21 cents per share [1] - Quarterly sales were $1.215 billion, falling short of the analyst consensus estimate of $1.223 billion [1] Future Guidance - For FY2026, Grocery Outlet expects GAAP EPS to be between 45 cents and 55 cents, compared to market estimates of 50 cents [2] - The company anticipates sales in the range of $4.600 billion to $4.720 billion, below estimates of $4.927 billion [2] Market Reaction - Following the earnings announcement, Grocery Outlet shares fell by 26.3% to $6.48 in pre-market trading [2] Analyst Ratings Changes - Jefferies analyst Corey Tarlowe downgraded Grocery Outlet from Buy to Hold and reduced the price target from $18 to $7 [4] - Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating but lowered the price target from $11 to $7 [4] - Telsey Advisory Group analyst Joseph Feldman downgraded the stock from Outperform to Market Perform and cut the price target from $15 to $9 [4]