Grocery Outlet (GO)
Extreme-value grocer selling closeout brand-name goods through independently operated neighborhood stores.
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Sells fresh groceries and closeout general merchandise sourced opportunistically from name-brand suppliers, with every store run by an independent local operator who earns roughly half the store's gross profit rather than a fixed wage.
Sells fresh groceries, everyday staples, and closeout general merchandise through a "treasure hunt" format, mixing brand-name surplus and short-dated inventory with regular grocery items.
Stores are concentrated on the West Coast, where the chain first grew; a 2011 acquisition added a Pennsylvania cluster on the East Coast, and a 2024 acquisition brought a Southeast presence.
Each store is run by an Independent Operator, a local entrepreneur who hires staff and handles local merchandising under an operator agreement, while the company centralizes purchasing and owns or leases the real estate, paying the operator roughly half the store's gross profit as commission.
Growth depends on recruiting enough operator candidates to staff new stores, and the sourcing model depends on ongoing relationships with CPG suppliers willing to route surplus inventory through the chain.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Telsey Advisory | Reiterate | Rating: —Target: $15 | Target: $12 |
| Aug 13, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $11 | Target: $9 |
| Aug 13, 2026 | Roth Capital | Reiterate | Rating: —Target: $20 | Target: $10 |
| Aug 13, 2026 | Wells Fargo | Reiterate | Rating: —Target: $9 | Target: $11 |
| Aug 13, 2026 | DA Davidson | Reiterate | Rating: —Target: $9 | Target: $12 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 4, 2026Cash & short-term investments $74.2M · Total debt $1.85B · Total assets $2.99B · Shareholders' equity $816.6M
- Revenue
- $1.19B
- Operating income
- $15.8M
- Net income
- $5.6M
No dividends on record.
| Institutions | 115.03% | 113.98M shares | |
|---|---|---|---|
| 262 holders · as of Jun 30, 2026 | |||
| Insiders | 12.61% | 12.50M shares | |
| 27 holders · as of Aug 31, 2026 | |||
| Adds to | 127.64% | ||
99.08M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 127.64%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
T. Rowe Price Investment Management, Inc.Institution | 18.95% | 18.78M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 15.42% | 15.27M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.13% | 6.08M | as of Jun 30, 2026 |
Pertento Partners LLPInstitution | 5.55% | 5.50M | filed Aug 19, 2026 |
Mackenzie Financial CorporationInstitution | 5.04% | 5.00M | filed Feb 4, 2022 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Carey F. Jaros | director | +15,000 | $11.70 |
| Aug 21, 2026 | Frank Michael Kerr | officer: See Remarks | −1,432 | $11.30 |
| Aug 20, 2026 | Paul Blaine Miller | officer: See Remarks | +8,000 | $10.90 |
| Jun 25, 2026 | Paul Blaine Miller | officer: See Remarks | +5,000 | $9.50 |
| Jun 18, 2026 | Paul Blaine Miller | officer: See Remarks | +10,000 | $9.37 |
- Walmart
Competes on everyday-low grocery prices at a scale that pressures value share
- Kroger
Runs West Coast conventional banners now cutting prices to chase value shoppers
- Costco
Warehouse-club bulk buys and Kirkland treasure-hunt undercut value grocers
- Dollar General
Competes for low-income shoppers via 20,900+ small-box discount stores
- Albertsons Companies
Competes via Safeway/Vons on West Coast conventional grocery pricing
- Dollar Tree
Multi-price small-box variety chain competing for the same trade-down shopper
- Ollie's Bargain Outlet
Competes for bargain shoppers via closeout, treasure-hunt merchandising
- Sprouts Farmers Market
Competes for value-conscious shoppers via small-box, produce-led discount format
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Grocery Outlet | $11.34 | −1.31% | $1.14B | — | 19.1 | 0.2 | +1.1% |
| Walmart | $109.97 | −0.13% | $876.34B | 39.8 | 36.7 | 1.2 | +5.9% |
| Kroger | $58.26 | −0.52% | $35.88B | 31.7 | 11.7 | 0.2 | +2.0% |
| Costco | $896.39 | −0.34% | $398.87B | 45.2 | 40.8 | 1.4 | +11.6% |
| Dollar General | $121.16 | −1.20% | $27.05B | 15.9 | 15.1 | 0.6 | +5.2% |
| Albertsons Companies | $11.80 | −2.24% | $5.86B | 150.9 | 5.3 | 0.1 | +0.2% |
| Dollar Tree | $113.89 | −1.00% | $22.11B | 14.0 | 16.5 | 1.1 | +7.0% |
| Ollie's Bargain Outlet | $83.55 | +1.29% | $4.99B | 18.4 | 18.3 | 1.8 | +9.1% |
| Sprouts Farmers Market | $67.32 | −1.98% | $6.40B | 13.2 | 11.4 | 0.7 | +4.7% |
| Median | 25.0 | 15.8 | 0.9 | +5.6% |