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NASDAQ NMS - GLOBAL MARKET · Retail · CIK 0001771515
$13.90
+5.70% · delayed ~15 min
Last price from Oct 22, 2026
$1.36B market value
From Grocery Outlet Holding Corp.'s FY2026 10-K, filed Mar 4, 2026 · read the filing
Grocery Outlet Holding runs grocery stores. It took in $4.69B last year, which makes it a mid-sized company. It spends more than it earns — losing about 5 cents on every dollar of sales.
The financial picture is led by accounting, with growth worth watching, while profitability and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 0.46
Recent open-market selling by Kerr Frank Michael, not under a pre-arranged plan.
$16.2K sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From Grocery Outlet Holding Corp.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
$78.3M → -$221.7M
Profit
$39.5M → -$224.9M
Free cash flow
-$74.6M → $23.8M
Earnings per share
$0.41 → -$2.29
Measured against FY2024, from the 10-K filed Mar 4, 2026
Deteriorated: turned negative
$78.3M to -$221.7MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$39.5M to -$224.9MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
GO rose 5.70% on the latest quote. The average Consumer Staples company tracked here moved +4.05%, and the S&P 500 −1.04%. That is 1.7 points above its sector and 6.7 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 22 analysts covering this company, as of . Their views, not this site's.
Of 22 analysts publishing on this company, 1 say strong buy, 14 say hold, 4 say sell and 3 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $224.9M last year, losing about 5 cents on every dollar of sales.
Slowly. Sales grew 7.3% last year.
No. At its current cash flow it could clear its debt in about 1.9 years. For every $1 it owes, it owns $1.47 in assets. Its operating profit does not cover its interest bill — -6.67x against the interest it owes. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it lost $224.9M and generated $222.1M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Mar 4, 2026Filing for FY2026 | FY202410-K · Mar 4, 2026Filing for FY2024 | FY202310-K · Feb 26, 2025Filing for FY2023 | FY202210-K · Feb 26, 2025Filing for FY2022 | FY202110-K · Mar 2, 2022Filing for FY2021 |
|---|---|---|---|---|---|
| RevenueWhat is this? | $4.69B | $4.37B | $3.97B | $3.58B | $3.13B |
| Cost of revenue | $3.27B | $3.05B | $2.73B | $2.49B | $2.16B |
| Gross profit | $1.42B | $1.32B | $1.24B | $1.09B | $973.3M |
| Gross marginGross profit ÷ revenueWhat is this? | 30.3% | 30.2% | 31.3% | 30.5% | 31.1% |
| Selling, general and administrative | $1.33B | $1.23B | $1.12B | $997.1M | $772.4M |
| Operating income | -$221.7M | $78.3M | $125.8M | $95.0M | $107.4M |
| Operating marginOperating income ÷ revenueWhat is this? | -4.7% | 1.8% | 3.2% | 2.7% | 3.4% |
| Interest expense | $33.2M | $29.0M | $24.7M | $18.7M | $18.9M |
| Income before tax | -$249.2M | $56.2M | $104.1M | $75.7M | $87.1M |
| Net income | -$224.9M | $39.5M | $79.4M | $65.1M | $106.7M |
| Net marginNet income ÷ revenueWhat is this? | -4.8% | 0.9% | 2.0% | 1.8% | 3.4% |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-2.29 | $0.4058 | $0.8006 | $0.666 | $1.13 |
† calculated from other reported figures, such as total liabilities as assets minus equity. There is no consecutive earlier year to compare with.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Reported another kind of transaction — 45,000 shares
Holds 49,934 shares after this filing.
Reported another kind of transaction — 45,000 shares
Holds 45,000 shares after this filing.
Bought on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2026
Operating income +23.4% · Cash +34.4% · Profit +13.4% — against Q2 FY2025
Read the filingPublished results
Read the filingWrite down why you are following Grocery Outlet Holding Corp., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 3 subsidiaries named in its 10-K, incorporated across 3 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Source: Exhibit 21 of the 10-K filed 2026-03-04. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from GO's 10-K for fiscal year 2026 (period ending 2026-01-03, filed Mar 4, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 2.0 | 2/3 | 10-K, filed Mar 4, 2026 |
| FY2024 | 6.0 | 6/9 | 10-K, filed Feb 26, 2025 |
| FY2023 | 7.3 | 8/9 | 10-K, filed Feb 28, 2024 |
| FY2022 | 6.0 | 6/9 | 10-K, filed Mar 1, 2023 |
| FY2021 | 8.0 | 3/3 | 10-K, filed Mar 2, 2021 |
| FY2019 | 5.0 | 5/9 | 10-K, filed Mar 25, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
0.46
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-3.23
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: turned positive
-$74.6M to $23.8MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: turned negative
$0.41 to -$2.29Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: −6.5 pts
1.8% to -4.7%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −5.7 pts
0.9% to -4.8%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +7.3%
$4.37B to $4.69BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +7.4%
$1.32B to $1.42BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +10.8%
$62.8M to $69.6MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +6.3%
$186.6M to $198.3MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 12, 2026 — read it.
Improved: +23.4%
$12.8M to $15.8MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +34.4%
$55.2M to $74.2MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +13.4%
$5.0M to $5.6MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +12.3%
$0.05 to $0.06Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +7.8%
$455.2M to $490.6MNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: +1.0%
98.1M to 99.1MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 12, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: turned positive
-$178.0M to $15.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$180.3M to $5.6MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +16.6 pts
-15.3% to 1.3%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +15.9 pts
-15.5% to 0.5%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: turned positive
-$1.82 to $0.06Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +25.8%
$59.0M to $74.2MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
4 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 21.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Holds 60,000 shares after this filing.
Sold on the open market — 1,432 shares at $11.30 ($16.2K)
Holds 54,342 shares after this filing.
Bought on the open market — 8,000 shares at $10.90 ($87.2K)
Holds 72,171 shares after this filing.
Bought on the open market — 5,000 shares at $9.50 ($47.5K)
Holds 64,171 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 32,391 shares ($404.6K) on or after .
Shares originally obtained via Stock Option Exercise.
Filed notice to sell 1,432 shares ($16.2K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 6,209 shares ($70.8K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join · Made a Regulation FD disclosure
Held a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Operating margin −13.3 pts · Operating income $155.5M wider · Profit $157.0M wider — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingAnnual report for FY2026
Read the filingAnnounced restructuring or exit costs · Published results
Read the filingHad a director or senior officer leave or join
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Revenue +5.4% · Operating margin −1.7 pts · Operating income -43.3% — against Q3 FY2024
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2025
Operating margin −1.2 pts · Operating income -51.1% · Profit -64.6% — against Q2 FY2024
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingChanged the rights attached to its shares · Amended its charter or changed its financial year · Held a shareholder vote
Read the filingHad a director or senior officer leave or join
Read the filingGrocery Outlet (GO) Stock Eyes Q1 Earnings After Slower Profit Trend
Yahoo Finance ·
Primary sources and further research