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

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.520-0.550 for the period, compared to the consensus estimate of 0.520. The company issued revenue guidance of $4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Wall Street Analysts Forecast Growth

GO has been the subject of several analyst reports. TD Cowen initiated coverage on Grocery Outlet in a report on Friday, October 30th. They issued a “hold” rating for the company. Wells Fargo & Company lifted their price target on Grocery Outlet from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group upped their price objective on shares of Grocery Outlet from $10.00 to $11.50 and gave the company a “neutral” rating in a report on Monday, August 17th. Weiss Ratings raised shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Finally, Bank of America upgraded shares of Grocery Outlet from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.50 to $15.00 in a research report on Wednesday, September 30th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $10.68.

Grocery Outlet Stock Down 6.6%

GO stock opened at $13.10 on Wednesday. The firm has a market cap of $1.30 billion, a PE ratio of -3.36, a PEG ratio of 9.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 1.29. The firm’s 50 day moving average price is $12.21 and its 200-day moving average price is $9.71. Grocery Outlet has a one year low of $5.66 and a one year high of $14.32.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Grocery Outlet had a positive return on equity of 5.84% and a negative net margin of 8.04%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. On average, equities research analysts anticipate that Grocery Outlet will post 0.42 EPS for the current year.

Insider Activity

In related news, insider Paul Miller bought 8,000 shares of the stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $10.90 per share, with a total value of $87,200.00. Following the completion of the purchase, the insider directly owned 72,171 shares in the company, valued at $786,663.90. This represents a 12.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carey F. Jaros purchased 15,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $11.70 per share, with a total value of $175,500.00. Following the completion of the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $702,000. The trade was a 33.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.60% of the stock is currently owned by insiders.

More Grocery Outlet News

Here are the key news stories impacting Grocery Outlet this week:

• Positive Sentiment: Third-quarter revenue rose 0.9% year over year to $1.18 billion, topping the $1.17 billion consensus estimate. Comparable-store sales increased 0.5%. EPS of $0.16 also beat Zacks’ $0.15 estimate, although it matched the broader $0.16 consensus. Article: Grocery Outlet: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Fiscal 2026 revenue guidance of $4.70 billion to $4.72 billion is broadly in line with FactSet’s $4.70 billion estimate, offering little apparent upside surprise. Article: Grocery Outlet Fiscal 2026 Revenue Outlook
• Negative Sentiment: Profitability is the main concern: EPS fell from $0.21 a year ago, and higher costs and promotional pricing are pressuring the profit outlook. That may explain why a modest sales beat did not translate into a more clearly positive market reaction. Article: Grocery Outlook Pressured by Costs and Promotional Pricing

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates Grocery Outlet Bargain Market, a discount grocery chain offering brand-name products and private-label items at value-oriented prices. Its stores carry a range of goods, including groceries, fresh produce, meat, dairy, frozen foods and household products. The company uses opportunistic buying to source products, which can result in changing assortments and limited-time deals. Founded in 1946 by Jim Read, Grocery Outlet has grown from a California-based business into a retailer serving communities across the western United States and parts of the East Coast.