Grocery Outlet shares jump as Q1 revenue tops estimates; GO guides 2026 sales near consensus

Grocery Outlet Holding Corp. shares rose 10.8% to $8.73 after the discount grocer reported first-quarter 2026 revenue and adjusted earnings above Wall Street expectations. Revenue increased 3.6% from a year earlier to $1.17 billion, beating consensus by 1.4%. Non-GAAP earnings were 5 cents a share, 3 cents ahead of analysts’ estimates. The company forecast full-year 2026 revenue of about $4.66 billion, broadly in line with expectations. Grocery Outlet operated 549 stores in the quarter, with its store base growing at an average annual rate of 10.2% over the past two years. Same-store sales fell 1% year over year, reversing from its recent flat trend and pointing to weaker demand at existing locations. Analysts expect revenue to be roughly flat over the next 12 months, a slowdown from the company’s 8.4% compound annual sales growth over the past three years.