Grocery Outlet Holding Corp. reported second-quarter 2026 results that beat the Zacks Consensus Estimate on both the top and bottom lines and raised several components of its fiscal 2026 outlook. Adjusted earnings came in at 20 cents a share, topping the consensus estimate of 12 cents by 66.7%, though down from 23 cents a year earlier, while net sales rose 1.1% year over year to $1,192.8 million, surpassing the consensus mark of $1,167 million by 2.2%. Comparable-store sales declined 0.3%, improving from the 1% drop in the first quarter, as a 2.1% decline in average transaction size was partly offset by a 1.8% increase in transactions. Gross margin contracted 40 basis points to 30.2%, and adjusted EBITDA fell 3.1% to $65.7 million, while operating income rose to $15.8 million from $12.8 million. The company opened 10 new stores and closed 12, including nine under its Optimization Plan, ending the quarter with 547 stores across 16 states, and now expects fiscal 2026 net sales of $4.70-$4.72 billion, comparable-store sales between flat and down 0.5%, adjusted EBITDA of $225-$235 million and adjusted earnings per share of 51-55 cents.
Grocery Outlet Holding CorpQ2 2026 earnings beat consensus on both top and bottom lines and the company raised its fiscal 2026 guidance.
