Grocery Outlet (NASDAQ:GO) operates a network of independently operated, extreme-value grocery stores under the Grocery Outlet banner. The company offers a broad assortment of products, including fresh produce, meat, dairy, deli items, frozen foods, packaged groceries, beverages, health and beauty products, household essentials and seasonal merchandise.
Its business model is based on opportunistic purchasing, allowing Grocery Outlet to source branded and private-label products from manufacturers, distributors and other suppliers when they are available through closeouts, surplus inventory, packaging changes, production overruns or other special buying opportunities. This approach enables the company to provide discounted prices while regularly changing the selection available in its stores.
Grocery Outlet was founded in 1946 in San Francisco and has expanded from its original California presence into a multistate retailer. Its stores primarily serve communities across the western United States, including California, Oregon, Washington, Idaho and Nevada, as well as selected markets in the eastern United States. Many locations are operated by independent owners under the company’s retailing system, combining local store management with Grocery Outlet’s centralized purchasing, merchandising and brand support.
