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Mar 29, 2025
Grocery Outlet Q1 2025 Earnings Report
Reported financial results for the first quarter fiscal 2025
Key Takeaways
Grocery Outlet reported increased net sales and gross profit for the first quarter of fiscal 2025, driven by new store sales and improved inventory management. Despite an operating loss and net loss due to restructuring charges, adjusted net income and adjusted EBITDA saw significant increases.
Net sales increased by 8.5% to $1.13 billion.
Comparable store sales increased by 0.3%.
Gross margin improved to 30.4% from 29.3% in the prior year.
Adjusted net income increased by 47.7% to $13.0 million.
Forward Guidance
Grocery Outlet maintained most of its key guidance figures for fiscal 2025, with an update to comparable store sales increase expectations.
Positive Outlook
- Net sales guidance remains at $4.7 billion to $4.8 billion.
- Gross margin guidance remains at 30.0%-30.5%.
- Adjusted EBITDA guidance remains at $260 million to $270 million.
- Diluted adjusted earnings per share guidance remains at $0.70 to $0.75.
- Capital expenditures guidance (net of tenant improvement allowances) remains at $210 million.
Challenges Ahead
- Comparable store sales increase guidance was updated to 1.0% to 2.0% from the previous 2.0% to 3.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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