What is Grocery Outlet Holding's earnings per share (EPS)?

Grocery Outlet Holding (GO) reported diluted earnings per share of $-2.30 for fiscal year 2026. This represents a -675.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Grocery Outlet Holding Financials

Source SEC Filings (10-K/10-Q) Updated Jan 3, 2026 Currency USD FYE January

This page shows Grocery Outlet Holding (GO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Mixed

-0.99x

For every $1 of reported earnings, Grocery Outlet Holding generates $-0.99 in operating cash flow ($222.1M OCF vs -$224.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.7B

YoY+7.3%

5Y CAGR+12.9%

Grocery Outlet Holding generated $4.7B in revenue in fiscal year 2026. This represents an increase of 7.3% from the prior year.

EBITDA

-$91.4M

YoY-149.0%

Grocery Outlet Holding's EBITDA was -$91.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 149.0% from the prior year.

Net Income

-$224.9M

YoY-669.9%

Grocery Outlet Holding reported -$224.9M in net income in fiscal year 2026. This represents a decrease of 669.9% from the prior year.

EPS (Diluted)

$-2.30

YoY-675.0%

Grocery Outlet Holding earned $-2.30 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 675.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$23.8M

YoY+131.9%

5Y CAGR-7.8%

Grocery Outlet Holding generated $23.8M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 131.9% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

98M

YoY+0.9%

5Y CAGR+2.0%

Grocery Outlet Holding had 98M shares outstanding in fiscal year 2026. This represents an increase of 0.9% from the prior year.

Margins & Returns

Gross Margin

30.3%

YoY+0.0pp

5Y CAGR-0.5pp

Grocery Outlet Holding's gross margin was 30.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.

Operating Margin

-4.7%

YoY-6.5pp

5Y CAGR-7.4pp

Grocery Outlet Holding's operating margin was -4.7% in fiscal year 2026, reflecting core business profitability. This is down 6.5 percentage points from the prior year.

Net Margin

-4.8%

YoY-5.7pp

5Y CAGR-5.4pp

Grocery Outlet Holding's net profit margin was -4.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 5.7 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Grocery Outlet Holding spent $0 on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$198.3M

YoY+6.3%

5Y CAGR+15.3%

Grocery Outlet Holding invested $198.3M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 6.3% from the prior year.

GO Income Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Revenue	$4.7B+7.3%	$4.4B+10.1%	$4.0B+10.9%	$3.6B+14.1%	$3.1B+22.5%	$2.6B
Cost of Revenue	$3.3B+7.2%	$3.0B+11.8%	$2.7B+9.7%	$2.5B+15.0%	$2.2B+21.9%	$1.8B
Gross Profit	$1.4B+7.4%	$1.3B+6.5%	$1.2B+13.7%	$1.1B+12.2%	$973.3M+23.7%	$787.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.3B+8.5%	$1.2B+10.0%	$1.1B+11.9%	$997.1M+29.1%	$772.4M+20.8%	$639.4M
Operating Income	-$221.7M-383.1%	$78.3M-37.7%	$125.8M+32.4%	$95.0M-11.5%	$107.4M+57.1%	$68.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$24.3M-245.3%	$16.7M-32.2%	$24.6M+130.4%	$10.7M+154.6%	-$19.6M-1536.5%	$1.4M
Net Income	-$224.9M-669.9%	$39.5M-50.3%	$79.4M+22.1%	$65.1M-39.0%	$106.7M+592.1%	$15.4M
EPS (Diluted)	$-2.30-675.0%	$0.40-49.4%	$0.79+21.5%	$0.65-39.8%	$1.08+468.4%	$0.19

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$1.2B+4.0%	$1.2B-1.0%	$1.2B+4.8%	$1.1B+2.5%	$1.1B-0.9%	$1.1B-1.8%	$1.1B+8.8%	$1.0B
Cost of Revenue	$854.2M+5.1%	$813.0M-0.7%	$819.1M+4.6%	$783.1M+1.2%	$774.0M+1.4%	$763.3M-2.0%	$779.3M+6.3%	$733.0M
Gross Profit	$361.0M+1.7%	$355.1M-1.5%	$360.7M+5.3%	$342.4M+5.7%	$323.9M-6.1%	$344.9M-1.3%	$349.2M+14.9%	$303.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$333.4M+0.7%	$331.0M-1.7%	$336.8M+1.7%	$331.1M+11.6%	$296.6M-2.6%	$304.6M-5.7%	$323.1M+6.5%	$303.4M
Operating Income	-$234.8M-1128.7%	$22.8M+78.7%	$12.8M+156.7%	-$22.5M-297.9%	$11.4M-71.8%	$40.3M+54.3%	$26.1M+4536.8%	$563K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$24.3M-639.3%	$4.5M+256.3%	$1.3M+122.2%	-$5.7M-374.6%	$2.1M-78.5%	$9.7M+47.7%	$6.5M+512.2%	-$1.6M
Net Income	-$218.2M-1979.9%	$11.6M+133.9%	$5.0M+121.3%	-$23.3M-1109.0%	$2.3M-90.4%	$24.2M+72.7%	$14.0M+1466.0%	-$1.0M
EPS (Diluted)	N/A	$0.12+140.0%	$0.05+120.8%	$-0.24	N/A	$0.24+71.4%	$0.14+1500.0%	$-0.01

GO Balance Sheet

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Total Assets	N/A	$3.2B+6.9%	$3.0B+7.1%	$2.8B+11.0%	$2.5B+14.3%	$2.2B
Current Assets	N/A	$503.9M-2.4%	$516.6M+10.5%	$467.4M+28.2%	$364.7M+34.6%	$270.8M
Cash & Equivalents	N/A	$62.8M-45.4%	$115.0M+11.9%	$102.7M+7.8%	$95.3M+239.1%	$28.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$15.6M+18.5%	$13.1M+45.6%	$9.0M+108.0%	$4.3M-15.7%	$5.1M
Goodwill	N/A	$782.7M+4.7%	$747.9M0.0%	$747.9M0.0%	$747.9M0.0%	$747.9M
Total Liabilities	N/A	$2.0B+12.9%	$1.8B+5.3%	$1.7B+7.2%	$1.6B+7.7%	$1.4B
Current Liabilities	N/A	$349.6M-8.9%	$384.0M+36.9%	$280.5M+42.4%	$197.1M-5.5%	$208.6M
Long-Term Debt	N/A	$462.5M+61.1%	$287.1M-24.4%	$379.6M-17.5%	$460.0M-0.1%	$460.4M
Total Equity	N/A	$1.2B-1.8%	$1.2B+9.8%	$1.1B+17.1%	$948.1M+27.2%	$745.4M
Retained Earnings	N/A	$381.4M+11.5%	$342.0M+30.3%	$262.5M+70.4%	$154.1M+449.9%	$28.0M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$3.1B-8.2%	$3.4B+1.4%	$3.3B+1.6%	$3.3B+3.1%	$3.2B+1.1%	$3.1B+1.9%	$3.1B+3.6%	$3.0B
Current Assets	$497.6M-3.8%	$517.5M+3.2%	$501.5M+3.4%	$484.9M-3.8%	$503.9M-2.0%	$514.0M+8.1%	$475.3M-0.7%	$478.4M
Cash & Equivalents	$69.6M+33.5%	$52.1M-5.6%	$55.2M+8.4%	$50.9M-19.0%	$62.8M-8.5%	$68.7M+2.4%	$67.1M+0.3%	$66.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$14.7M+10.1%	$13.3M-7.2%	$14.4M+2.1%	$14.1M-9.8%	$15.6M+18.6%	$13.1M+23.4%	$10.6M-8.9%	$11.7M
Goodwill	$633.8M-19.0%	$782.8M0.0%	$782.8M0.0%	$782.8M0.0%	$782.7M+0.8%	$776.6M0.0%	$776.8M+3.9%	$747.9M
Total Liabilities	$2.1B-2.9%	$2.2B+1.6%	$2.1B+2.1%	$2.1B+5.8%	$2.0B+3.3%	$1.9B+2.8%	$1.9B+6.3%	$1.7B
Current Liabilities	$364.0M-8.7%	$398.7M-3.9%	$415.0M+6.8%	$388.7M+11.2%	$349.6M-0.8%	$352.3M-4.4%	$368.7M-3.5%	$382.1M
Long-Term Debt	$477.9M-0.8%	$481.5M+5.8%	$455.2M-0.8%	$458.9M-0.8%	$462.5M+10.1%	$419.9M+12.4%	$373.6M+30.9%	$285.3M
Total Equity	$983.7M-17.9%	$1.2B+1.0%	$1.2B+0.6%	$1.2B-1.5%	$1.2B-2.3%	$1.2B+0.4%	$1.2B-0.3%	$1.2B
Retained Earnings	$156.5M-58.2%	$374.7M+3.2%	$363.1M+1.4%	$358.1M-6.1%	$381.4M+0.6%	$379.1M+6.8%	$354.9M+4.1%	$340.9M

GO Cash Flow Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Operating Cash Flow	$222.1M+98.4%	$112.0M-63.1%	$303.4M+63.6%	$185.5M+2.4%	$181.2M+36.4%	$132.8M
Capital Expenditures	$198.3M+6.3%	$186.6M+10.4%	$169.0M+29.5%	$130.5M+4.5%	$124.9M+28.5%	$97.2M
Free Cash Flow	$23.8M+131.9%	-$74.6M-155.5%	$134.5M+144.3%	$55.0M-2.3%	$56.3M+58.0%	$35.6M
Investing Cash Flow	-$229.7M+16.2%	-$274.0M-41.1%	-$194.2M-29.5%	-$149.9M-12.1%	-$133.8M-23.9%	-$108.0M
Financing Cash Flow	$14.3M-87.0%	$109.9M+213.3%	-$97.0M-33.0%	-$72.9M-345.0%	$29.8M+267.5%	-$17.8M
Dividends Paid	$0	$0-100.0%	$15K-85.7%	$105K-75.8%	$434K-88.1%	$3.6M
Share Buybacks	$0-100.0%	$81.4M+1280.5%	$5.9M+70.8%	$3.5M	$0	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$72.3M+318.5%	$17.3M-76.5%	$73.6M+24.9%	$58.9M+49.2%	$39.5M+71.5%	$23.0M-44.6%	$41.6M+430.5%	$7.8M
Capital Expenditures	$39.8M+2.5%	$38.8M-34.4%	$59.2M-2.0%	$60.5M+2.3%	$59.1M+39.5%	$42.4M+9.0%	$38.9M-16.0%	$46.3M
Free Cash Flow	$32.5M+250.6%	-$21.6M-249.7%	$14.4M+1051.7%	-$1.5M+92.3%	-$19.6M-1.4%	-$19.3M-808.0%	$2.7M+107.1%	-$38.4M
Investing Cash Flow	-$47.1M-1.5%	-$46.4M+31.2%	-$67.5M+1.8%	-$68.7M-0.5%	-$68.3M-35.6%	-$50.4M+51.7%	-$104.4M-105.2%	-$50.9M
Financing Cash Flow	-$7.7M-129.6%	$26.1M+1492.1%	-$1.9M+13.8%	-$2.2M-109.4%	$23.0M-20.5%	$29.0M-54.0%	$63.0M+1345.7%	-$5.1M
Dividends Paid	N/A	N/A	N/A	N/A	$0	$0	$0	N/A
Share Buybacks	$0	$0	$0	$0-100.0%	$25.0M+0.1%	$25.0M0.0%	$25.0M+301.1%	$6.2M

GO Financial Ratios

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Gross Margin	30.3%+0.0pp	30.2%-1.0pp	31.3%+0.8pp	30.5%-0.5pp	31.1%+0.3pp	30.8%
Operating Margin	-4.7%-6.5pp	1.8%-1.4pp	3.2%+0.5pp	2.6%-0.8pp	3.4%+0.8pp	2.7%
Net Margin	-4.8%-5.7pp	0.9%-1.1pp	2.0%+0.2pp	1.8%-1.6pp	3.4%+2.8pp	0.6%
Return on Equity	N/A	3.3%-3.2pp	6.5%+0.7pp	5.9%-5.4pp	11.3%+9.2pp	2.1%
Return on Assets	N/A	1.2%-1.4pp	2.7%+0.3pp	2.4%-1.9pp	4.3%+3.6pp	0.7%
Current Ratio	N/A	1.44+0.1	1.35-0.3	1.67-0.2	1.85+0.6	1.30
Debt-to-Equity	N/A	0.39+0.2	0.24-0.1	0.34-0.1	0.49-0.1	0.62
FCF Margin	0.5%+2.2pp	-1.7%-5.1pp	3.4%+1.8pp	1.5%-0.3pp	1.8%+0.4pp	1.4%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	29.7%-0.7pp	30.4%-0.2pp	30.6%+0.2pp	30.4%+0.9pp	29.5%-1.6pp	31.1%+0.2pp	30.9%+1.6pp	29.3%
Operating Margin	-19.3%-21.3pp	1.9%+0.9pp	1.1%+3.1pp	-2.0%-3.0pp	1.0%-2.6pp	3.6%+1.3pp	2.3%+2.3pp	0.1%
Net Margin	-17.9%-18.9pp	1.0%+0.6pp	0.4%+2.5pp	-2.1%-2.3pp	0.2%-2.0pp	2.2%+0.9pp	1.2%+1.3pp	-0.1%
Return on Equity	-22.2%-23.1pp	1.0%+0.6pp	0.4%+2.4pp	-2.0%-2.2pp	0.2%-1.8pp	2.0%+0.8pp	1.1%+1.2pp	-0.1%
Return on Assets	-7.1%-7.4pp	0.3%+0.2pp	0.1%+0.9pp	-0.7%-0.8pp	0.1%-0.7pp	0.8%+0.3pp	0.4%+0.5pp	-0.0%
Current Ratio	1.37+0.1	1.30+0.1	1.21-0.0	1.25-0.2	1.44-0.0	1.46+0.2	1.29+0.0	1.25
Debt-to-Equity	0.49+0.1	0.40+0.0	0.380.0	0.390.0	0.39+0.0	0.34+0.0	0.31+0.1	0.23
FCF Margin	2.7%+4.5pp	-1.8%-3.1pp	1.2%+1.4pp	-0.1%+1.7pp	-1.8%-0.0pp	-1.8%-2.0pp	0.2%+4.0pp	-3.7%

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Frequently Asked Questions

What is Grocery Outlet Holding's annual revenue?

Grocery Outlet Holding (GO) reported $4.7B in total revenue for fiscal year 2026. This represents a 7.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Grocery Outlet Holding's revenue growing?

Grocery Outlet Holding (GO) revenue grew by 7.3% year-over-year, from $4.4B to $4.7B in fiscal year 2026.

Is Grocery Outlet Holding profitable?

No, Grocery Outlet Holding (GO) reported a net income of -$224.9M in fiscal year 2026, with a net profit margin of -4.8%.

What is Grocery Outlet Holding's EBITDA?

Grocery Outlet Holding (GO) had EBITDA of -$91.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Grocery Outlet Holding's gross margin?

Grocery Outlet Holding (GO) had a gross margin of 30.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Grocery Outlet Holding's operating margin?

Grocery Outlet Holding (GO) had an operating margin of -4.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Grocery Outlet Holding's net profit margin?

Grocery Outlet Holding (GO) had a net profit margin of -4.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Grocery Outlet Holding's free cash flow?

Grocery Outlet Holding (GO) generated $23.8M in free cash flow during fiscal year 2026. This represents a 131.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Grocery Outlet Holding's operating cash flow?

Grocery Outlet Holding (GO) generated $222.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Grocery Outlet Holding's capital expenditures?

Grocery Outlet Holding (GO) invested $198.3M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does Grocery Outlet Holding have outstanding?

Grocery Outlet Holding (GO) had 98M shares outstanding as of fiscal year 2026.

Are Grocery Outlet Holding's earnings high quality?

Grocery Outlet Holding (GO) has an earnings quality ratio of -0.99x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.