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

Grocery Outlet (NASDAQ:GO) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.450-0.550 for the period, compared to the consensus estimate of 0.470. The company issued revenue guidance of $4.6 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Grocery Outlet Trading Down 2.8%

Shares of NASDAQ GO traded down $0.22 during mid-day trading on Wednesday, reaching $7.74. The company had a trading volume of 5,182,244 shares, compared to its average volume of 3,363,112. The stock has a market cap of $765.64 million, a price-to-earnings ratio of -3.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. Grocery Outlet has a 52 week low of $5.66 and a 52 week high of $19.41. The business’s 50-day moving average is $7.19 and its 200-day moving average is $9.49. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.49.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Grocery Outlet had a negative net margin of 4.80% and a positive return on equity of 5.93%. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Equities analysts expect that Grocery Outlet will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GO. Craig Hallum lowered Grocery Outlet from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $7.00 target price (down from $18.00) on shares of Grocery Outlet in a research report on Thursday, March 5th. Telsey Advisory Group downgraded Grocery Outlet from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $15.00 to $9.00 in a research report on Thursday, March 5th. Weiss Ratings upgraded Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group lowered their price objective on shares of Grocery Outlet from $12.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday, February 19th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $10.68.

Insider Buying and Selling

In other news, Director Carey F. Jaros purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $6.26 per share, with a total value of $250,400.00. Following the completion of the transaction, the director owned 76,066 shares in the company, valued at $476,173.16. This represents a 110.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jason J. N. Potter purchased 286,097 shares of the stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of $5.90 per share, for a total transaction of $1,687,972.30. Following the completion of the acquisition, the chief executive officer directly owned 574,366 shares in the company, valued at approximately $3,388,759.40. This represents a 99.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 899,905 shares of company stock valued at $5,396,307 and have sold 89,493 shares valued at $524,431. 4.50% of the stock is currently owned by company insiders.

Grocery Outlet News Roundup

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

• Neutral Sentiment: Investors are waiting for Grocery Outlet’s Q1 2026 earnings update, with analysts looking for clues on whether value-focused shopping trends are helping sales and whether promotions and store closures are still pressuring margins. Grocery Outlet Holding Corp Q1 2026: Everything You Need To Know Ahead Of Earnings
• Neutral Sentiment: Several firms reiterated that shareholders who bought GO between August 5, 2025 and March 4, 2026 may have claims in the pending class action, with the lead-plaintiff deadline approaching on May 15. The recurring legal reminders are keeping the stock in focus, even though they do not change fundamentals directly. Deadline Alert article
• Negative Sentiment: The lawsuits allege Grocery Outlet expanded too quickly, relied on aggressive store growth to support results, and may need additional store closures and asset write-downs to complete its restructuring plan. That narrative can pressure the shares because it raises concerns about the sustainability of growth and profitability. Holzer & Holzer lawsuit reminder

Hedge Funds Weigh In On Grocery Outlet

Several institutional investors and hedge funds have recently bought and sold shares of GO. Royal Bank of Canada lifted its holdings in shares of Grocery Outlet by 5.8% during the 1st quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock valued at $1,713,000 after purchasing an additional 6,736 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Grocery Outlet by 14.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company’s stock worth $5,003,000 after buying an additional 44,214 shares during the last quarter. Creative Planning increased its position in Grocery Outlet by 25.4% during the 2nd quarter. Creative Planning now owns 16,104 shares of the company’s stock valued at $200,000 after buying an additional 3,263 shares in the last quarter. JPMorgan Chase & Co. increased its position in Grocery Outlet by 13.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 220,432 shares of the company’s stock valued at $2,738,000 after buying an additional 26,725 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Grocery Outlet in the second quarter valued at about $149,000. 99.87% of the stock is owned by hedge funds and other institutional investors.

About Grocery Outlet

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.