Loading…
Extreme-value grocery retailer selling closeout, overstock and surplus name-brand products at deep discounts.
Extreme-value grocery retailer selling closeout, overstock and surplus name-brand products at deep discounts.
Buys surplus and closeout goods from brand-name makers at deep discounts, so the mix changes week to week and shoppers come for the bargains. Each store is run by an independent operator paid a share of the store's profit, which ties the operator's pay to sales; the company owns the inventory.
Moat: narrow (scale, distribution, process know-how). Opportunistic buying relationships and an independent-operator store model built over decades are hard to replicate.
Headquarters: Emeryville, California, US · Founded: 1946 · Employees: 2,207
Size Grocery Outlet (GO) is a United States Consumer Staples company (Food Retail) with a market value of $1.29B, the 2091st largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.99 on 6 Nov 2026.
Performance Over six months the shares gained 58.6%, against -5.0% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 5.1% over the last twelve months (peer median +2.8%); the operating margin is 4.5% (peer median 3.0%).
Valuation It trades at 21.6× forward earnings against a peer median of 15.1× (5th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points below its cost of capital (6.5% WACC).
Short interest Short interest is 20.1% of the free float (15 Oct 2026).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.74B | $4.69B | $4.37B | $3.97B | $3.58B |
| Revenue growth | — | +7% | +10% | +11% | — |
| Gross profit | $1.42B | $1.32B | $1.32B | $1.24B | $1.02B |
| EBITDA | $344M | $358M | $211M | $214M | $173M |
| Net income | -$381M | -$225M | $39.5M | $79.4M | $65.1M |
| Free cash flow | $12.1M | $23.8M | -$74.6M | $134M | $55.0M |
| Capital expenditure | $190M | $220M | $207M | $192M | $147M |
| Total debt | $1.85B | $1.81B | $1.66B | $1.39B | $1.41B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Grocery Outlet GO | $1.29B | +59% | +5% | 4% | 21.6× | 4.4% |
| Ollie's Bargain Outlet OLLI | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% |
| TJX Companies TJX | $149B | -11% | +8% | 12% | 25.1× | 3.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.9% | +2.7% | 5th highest of 21 |
| 6-month return | +58.6% | -5.0% | highest of 21 |
| Distance from 52-week high | -7.3% | -14.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +5.1% | +2.8% | 6th highest of 20 |
| Operating margin | 4.5% | 3.0% | 6th highest of 20 |
| Forward P/E | 21.6× | 15.1× | 5th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 4.4% | -4.7% | 4th most demanding of 19 |
| Growth delivered (Del g) | +8.4% | +3.0% | 2nd highest of 19 |
| Hurdle (Req g minus delivered) | -4.0 pp | -8.6 pp | 7th most demanding of 19 |
| ROIC minus cost of capital | -0.1 pp | +2.6 pp | 6th lowest of 21 |
| EV / EBITDA | 8.9× | 5.9× | most expensive of 7 |
| Net debt / EBITDA | 5.2× | 0.6× | most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grocery Outlet GO | United States | $1.29B | +59% | +5% | 4% | 21.6× | 4.4% | +8.4% |
| Aryzta ARYN.SW | Switzerland | $1.28B | -26% | -3% | 7% | 13.0× | -6.6% | +3.0% |
| Arcs 9948.T | Japan | $1.27B | +5% | +2% | 3% | 15.9× | -10.6% | +2.4% |
| Chongqing Chongbai Technology 600729.SS | China | $1.26B | -9% | -11% | 4% | 11.3× | -10.4% | -6.9% |
| Valor 9956.T | Japan | $1.25B | -6% | +9% | 3% | 8.8× | -2.7% | +4.8% |
| Better Life Commercial Chain Share 002251.SZ | China | $1.34B | -19% | +11% | 5% | 42.1× | 10.8% | -23.1% |
| Taiwan FamilyMart 5903.TWO | Taiwan | $1.23B | -4% | +7% | 2% | 23.4× | -2.4% | +5.2% |
| San-a 2659.T | Japan | $1.22B | -2% | +6% | 7% | 16.4× | -12.3% | +3.9% |
| Life 8194.T | Japan | $1.43B | +1% | +3% | 3% | 12.1× | -11.0% | +3.0% |
| Fuji 8278.T | Japan | $1.11B | -1% | -1% | 1% | n/a | 2.6% | +20.9% |
| Ingles Markets IMKTA | United States | $1.53B | -5% | +1% | 3% | n/a | -1.4% | +3.0% |
| Yesway YSWY | United States | $1.56B | -4% | n/a | n/a | 21.2× | n/a | n/a |
| Toly Bread 603866.SS | China | $1.01B | -15% | -2% | 8% | 24.1× | 0.5% | -1.8% |
| Chengdu Hongqi Chain 002697.SZ | China | $1.01B | -5% | -1% | 5% | 14.3× | -17.5% | +1.1% |
| United Super Markets 3222.T | Japan | $999M | -7% | +11% | 0% | n/a | 31.5% | +5.6% |
| BGF Retail 282330.KS | South Korea | $1.82B | +9% | +5% | 3% | 10.8× | -18.3% | +7.9% |
| Jiangxi Guoguang Commercial Chains 605188.SS | China | $908M | -26% | +3% | 1% | n/a | 27.5% | +4.6% |
| Jiajiayue 603708.SS | China | $874M | -12% | 0% | 2% | 25.6× | -12.7% | +1.5% |
| Axial Retailing 8255.T | Japan | $865M | +30% | +3% | 4% | 15.1× | -10.9% | +2.9% |
| Weis Markets WMK | United States | $1.92B | +10% | +4% | 2% | n/a | 4.3% | +3.8% |
| BELC 9974.T | Japan | $852M | -8% | +5% | 4% | 10.7× | n/a | n/a |