Grocery Outlet (NASDAQ:GO) Updates FY 2026 Earnings Guidance

Grocery Outlet (NASDAQ:GO) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.450-0.550 for the period, compared to the consensus EPS estimate of 0.480. The company issued revenue guidance of $4.6 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GO shares. Jefferies Financial Group reiterated a “hold” rating and set a $7.00 target price (down from $18.00) on shares of Grocery Outlet in a report on Thursday, March 5th. Telsey Advisory Group lowered Grocery Outlet from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $15.00 to $9.00 in a research report on Thursday, March 5th. Weiss Ratings downgraded Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. TD Cowen boosted their target price on shares of Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley dropped their price objective on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Grocery Outlet has an average rating of “Reduce” and a consensus price target of $10.32.

Grocery Outlet Stock Performance

Grocery Outlet stock opened at $9.98 on Thursday. The firm has a market cap of $987.22 million, a PE ratio of -2.57, a P/E/G ratio of 15.44 and a beta of 0.64. Grocery Outlet has a 12 month low of $5.66 and a 12 month high of $19.41. The stock’s 50 day simple moving average is $8.56 and its two-hundred day simple moving average is $8.67. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Analysts anticipate that Grocery Outlet will post 0.38 earnings per share for the current year.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, insider Paul Blaine Miller purchased 10,000 shares of Grocery Outlet stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average price of $9.37 per share, with a total value of $93,700.00. Following the acquisition, the insider owned 59,171 shares of the company’s stock, valued at $554,432.27. This trade represents a 20.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Grocery Outlet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its position in shares of Grocery Outlet by 54.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock worth $159,216,000 after purchasing an additional 5,528,722 shares during the last quarter. Millennium Management LLC grew its holdings in Grocery Outlet by 3,558.0% in the 3rd quarter. Millennium Management LLC now owns 1,825,407 shares of the company’s stock valued at $29,298,000 after buying an additional 1,775,505 shares in the last quarter. Boston Partners grew its stake in shares of Grocery Outlet by 219.7% in the 3rd quarter. Boston Partners now owns 1,462,633 shares of the company’s stock valued at $23,475,000 after buying an additional 1,005,126 shares during the period. Invesco Ltd. raised its position in shares of Grocery Outlet by 106.5% during the 4th quarter. Invesco Ltd. now owns 1,914,410 shares of the company’s stock valued at $19,336,000 after buying an additional 987,367 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Grocery Outlet by 43.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,279,860 shares of the company’s stock worth $23,027,000 after purchasing an additional 687,561 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. (NASDAQ: GO) is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company’s unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.