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Grocery Outlet

Grocery Outlet (GO) Q3 2025 Earnings

Reported Nov 4, 2025 at 4:03 PM ET · SEC Source

Q3 25 EPS

$0.21

BEAT +11.46%

Est. $0.19

Q3 25 Revenue

$1.17B

MISS 0.94%

Est. $1.18B

vs S&P Since Q3 25

-30.9%

TRAILING MARKET

GO -20.0% vs S&P +10.9%

Market Reaction

Did GO Beat Earnings? Q3 2025 Results

Grocery Outlet delivered a mixed third-quarter fiscal 2025 report, posting adjusted diluted EPS of $0.21 against a consensus estimate of $0.19, a beat of 11.46%, while revenue of $1.17 billion grew 5.4% year over year but fell just short of the $1.18… Read more Grocery Outlet delivered a mixed third-quarter fiscal 2025 report, posting adjusted diluted EPS of $0.21 against a consensus estimate of $0.19, a beat of 11.46%, while revenue of $1.17 billion grew 5.4% year over year but fell just short of the $1.18 billion analysts had expected. The profitability story was more complicated beneath the surface, with gross margin contracting to 30.4% from 31.1% a year earlier as promotional activity and markdowns on seasonal inventory weighed heavily on results, helping cut GAAP net income to $11.61 million from $24.18 million in the prior-year period. Comparable store sales rose a modest 1.2%, with shoppers visiting more frequently but spending less per trip, a pattern that pressured the top line throughout the quarter. Looking ahead, management narrowed its full-year net sales guidance to $4.70 to $4.72 billion and trimmed its comparable store sales growth outlook to 0.6% to 0.9%, while pointing to a broad rollout of its store refresh program in Q4 as a catalyst to accelerate same-store sales momentum into 2026.

Key Takeaways

  • • Net sales growth of 5.4% driven by new store openings and 1.2% comparable store sales increase
  • • Comparable store sales driven by 1.8% increase in transactions, partially offset by 0.6% decrease in average transaction size
  • • Gross margin decline of 70 basis points year-over-year to 30.4% due to promotional activities and seasonal inventory markdowns
  • • SG&A increased 8.7% year-over-year driven by new store growth costs
  • • Adjusted EBITDA declined to $66.7 million from $72.3 million in prior year quarter
24/7 Wall St

GO YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“In the third quarter, we made progress on our key initiatives while delivering strong bottom-line results. In addition, we launched our store refresh program at an initial group of pilot stores.”

— Jason Potter, Q3 2025 Earnings Press Release

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