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Grocery Outlet (GO) Financials

Grocery Outlet logo
$15.14 -0.35 (-2.26%)
Closing price 10/24/2025 04:00 PM Eastern
Extended Trading
$15.64 +0.49 (+3.27%)
As of 10/24/2025 07:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Grocery Outlet

Annual Income Statements for Grocery Outlet

This table shows Grocery Outlet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Net Income / (Loss) Attributable to Common Shareholders		 16 15 107 62 65 79 39
Consolidated Net Income / (Loss)		 16 15 107 62 65 79 39
Net Income / (Loss) Continuing Operations		 16 15 107 62 65 79 39
Total Pre-Tax Income 		22 17 87 78 76 104 56
Total Operating Income		 82 68 107 89 95 126 78
Total Gross Profit		 695 787 973 949 1,092 1,242 1,322
Total Revenue		 2,288 2,560 3,135 3,080 3,578 3,969 4,372
Operating Revenue		 2,288 2,560 3,135 3,080 3,578 3,969 4,372
Total Cost of Revenue		 1,592 1,773 2,161 2,131 2,486 2,728 3,050
Operating Cost of Revenue		 1,592 1,773 2,161 2,131 2,486 2,728 3,050
Total Operating Expenses		 613 719 866 860 997 1,116 1,244
Selling, General & Admin Expense		 557 639 772 860 997 1,116 1,244
Total Other Income / (Expense), net		 -61 -52 -20 -12 -19 -22 -22
Interest & Investment Income		 -55 -46 -20 -16 -18 -16 -22
Other Income / (Expense), net		 - 0.00 0.00 3.97 -1.27 - 0.00
Income Tax Expense		 5.98 1.36 -20 15 11 25 17
Basic Earnings per Share		 $0.24 $0.20 $1.16 $0.65 $0.67 $0.80 $0.40
Weighted Average Basic Shares Outstanding		 68.47M 79.04M 91.82M 95.73M 96.81M 98.71M 98.71M
Diluted Earnings per Share		 $0.23 $0.19 $1.08 $0.63 $0.65 $0.79 $0.40
Weighted Average Diluted Shares Outstanding		 68.55M 81.86M 98.45M 99.42M 100.16M 100.83M 99.62M
Weighted Average Basic & Diluted Shares Outstanding		 - - 95.25M 96.04M 97.68M 99.23M 97.36M

Quarterly Income Statements for Grocery Outlet

This table shows Grocery Outlet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/1/2022 12/31/2022 4/1/2023 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025
Net Income / (Loss) Attributable to Common Shareholders		 17 16 14 24 27 14 -1.03 14 24 2.31 -23
Consolidated Net Income / (Loss)		 17 16 14 24 27 14 -1.03 14 24 2.31 -23
Net Income / (Loss) Continuing Operations		 17 16 14 24 27 14 -1.03 14 24 2.31 -23
Total Pre-Tax Income 		20 18 22 32 33 17 -2.61 21 34 4.39 -29
Total Operating Income		 25 24 33 36 38 19 0.56 26 40 11 -23
Total Gross Profit		 281 281 301 327 316 299 304 349 345 324 342
Total Revenue		 918 931 965 1,010 1,004 990 1,037 1,129 1,108 1,098 1,126
Operating Revenue		 918 931 965 1,010 1,004 990 1,037 1,129 1,108 1,098 1,126
Total Cost of Revenue		 638 650 665 684 688 691 733 779 763 774 783
Operating Cost of Revenue		 638 650 665 684 688 691 733 779 763 774 783
Total Operating Expenses		 256 257 268 290 278 280 303 323 305 313 365
Selling, General & Admin Expense		 256 257 268 290 278 280 303 323 305 313 331
Restructuring Charge		 - - - - - - - - - - 34
Total Other Income / (Expense), net		 -4.80 -5.61 -11 -4.77 -4.23 -1.45 -3.18 -5.56 -6.44 -6.98 -6.52
Interest & Investment Income		 -4.80 -5.61 -5.92 -4.77 -4.23 -1.45 -3.18 -5.56 -6.44 -6.98 -6.52
Income Tax Expense		 2.39 2.46 7.84 7.24 6.19 3.37 -1.59 6.55 9.67 2.08 -5.71
Basic Earnings per Share		 $0.18 $0.16 $0.14 $0.25 $0.27 $0.14 ($0.01) $0.14 $0.25 $0.02 ($0.24)
Weighted Average Basic Shares Outstanding		 97.06M 96.81M 97.92M 98.52M 99.11M 98.71M 99.52M 99.54M 98.36M 98.71M 97.52M
Diluted Earnings per Share		 $0.17 $0.16 $0.14 $0.24 $0.27 $0.14 ($0.01) $0.14 $0.24 $0.03 ($0.24)
Weighted Average Diluted Shares Outstanding		 100.49M 100.16M 100.57M 100.64M 100.97M 100.83M 99.52M 100.37M 98.93M 99.62M 97.52M
Weighted Average Basic & Diluted Shares Outstanding		 97.28M 97.68M 98.29M 98.78M 99.27M 99.23M 99.86M 97.99M 97.14M 97.36M 98.03M

Annual Cash Flow Statements for Grocery Outlet

This table details how cash moves in and out of Grocery Outlet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Net Change in Cash & Equivalents		 15 7.04 77 35 -37 12 -52
Net Cash From Operating Activities		 106 133 181 166 186 303 112
Net Cash From Continuing Operating Activities		 106 133 181 166 186 303 112
Net Income / (Loss) Continuing Operations		 16 15 107 62 65 79 39
Consolidated Net Income / (Loss)		 16 15 107 62 65 79 39
Depreciation Expense		 37 43 51 63 70 77 91
Amortization Expense		 14 9.78 9.75 10 10 12 18
Non-Cash Adjustments To Reconcile Net Income		 18 42 51 33 59 57 37
Changes in Operating Assets and Liabilities, net		 21 23 -37 -2.92 -19 78 -74
Net Cash From Investing Activities		 -74 -108 -134 -137 -150 -194 -274
Net Cash From Continuing Investing Activities		 -74 -108 -134 -137 -150 -194 -274
Purchase of Property, Plant & Equipment		 -65 -97 -125 -123 -130 -169 -187
Acquisitions		 -3.17 -3.07 -5.86 -9.77 -17 -23 -81
Sale of Property, Plant & Equipment		 1.09 0.59 0.27 0.04 0.04 0.02 0.00
Other Investing Activities, net		 -6.71 -8.34 -3.27 -3.59 -2.90 -2.20 -6.59
Net Cash From Financing Activities		 -17 -18 30 5.89 -73 -97 110
Net Cash From Continuing Financing Activities		 -17 -18 30 5.89 -73 -97 110
Repayment of Debt		 -735 -416 -92 -1.16 -76 -422 -7.58
Repurchase of Common Equity		 0.00 -7.06 0.00 0.00 -3.45 -5.89 -81
Payment of Dividends		 -154 -3.65 -0.43 -0.19 -0.11 -0.02 0.00
Issuance of Debt		 872 0.00 90 0.00 0.00 325 190
Issuance of Common Equity		 0.03 412 33 7.23 6.89 5.96 8.85
Other Financing Activities, net		 -0.03 -2.81 -0.48 0.00 0.00 -0.54 0.00
Cash Interest Paid		 47 49 20 15 19 23 26
Cash Income Taxes Paid		 0.29 -0.07 5.19 0.48 -1.72 7.56 3.38

Quarterly Cash Flow Statements for Grocery Outlet

This table details how cash moves in and out of Grocery Outlet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/1/2022 12/31/2022 4/1/2023 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025
Net Change in Cash & Equivalents		 23 -4.55 -21 5.46 68 -41 -48 0.18 1.59 -5.83 -12
Net Cash From Operating Activities		 55 46 88 69 119 27 7.84 42 23 39 59
Net Cash From Continuing Operating Activities		 55 46 88 69 119 27 7.84 42 23 39 59
Net Income / (Loss) Continuing Operations		 17 16 14 24 27 14 -1.03 14 24 2.31 -23
Consolidated Net Income / (Loss)		 17 16 14 24 27 14 -1.03 14 24 2.31 -23
Depreciation Expense		 18 17 18 19 19 21 21 23 23 24 25
Amortization Expense		 2.44 2.71 2.77 2.69 3.07 3.94 4.16 4.27 4.78 5.17 5.15
Non-Cash Adjustments To Reconcile Net Income		 16 13 19 16 19 3.12 12 14 9.17 2.42 18
Changes in Operating Assets and Liabilities, net		 0.53 -3.28 34 8.13 51 -15 -28 -13 -38 5.58 34
Net Cash From Investing Activities		 -34 -51 -40 -38 -53 -63 -51 -104 -50 -68 -69
Net Cash From Continuing Investing Activities		 -34 -51 -40 -38 -53 -63 -51 -104 -50 -68 -69
Purchase of Property, Plant & Equipment		 -27 -45 -33 -33 -47 -56 -46 -39 -42 -59 -60
Acquisitions		 -6.37 -4.23 -7.94 -4.37 -5.55 -5.14 -2.99 -64 -6.51 -7.02 -4.83
Other Investing Activities, net		 -0.44 -1.36 0.46 -0.24 -0.50 -1.92 -1.63 -1.22 -1.53 -2.20 -3.40
Net Cash From Financing Activities		 1.73 0.50 -68 -26 1.94 -4.77 -5.06 63 29 23 -2.17
Net Cash From Continuing Financing Activities		 1.73 0.50 -68 -26 1.94 -4.77 -5.06 63 29 23 -2.17
Repayment of Debt		 -0.31 -0.32 -390 -27 -2.24 -2.25 -2.26 -2.29 -0.53 -2.51 -22
Repurchase of Common Equity		 - - -3.28 - - -2.62 -6.24 -25 -25 -25 0.00
Issuance of Debt		 - - 325 - - - 0.00 90 50 50 20
Issuance of Common Equity		 2.04 0.89 0.20 1.37 4.27 0.11 3.44 0.30 4.52 0.59 0.05

Annual Balance Sheets for Grocery Outlet

This table presents Grocery Outlet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Total Assets		 1,377 2,186 2,486 2,670 2,772 2,970 3,174
Total Current Assets		 240 271 382 443 467 517 504
Cash & Equivalents		 21 28 105 140 103 115 63
Note & Lease Receivable		 5.06 7.00 5.44 7.22 11 15 16
Accounts Receivable		 2.07 2.85 5.95 3.16 4.37 4.19 4.17
Inventories, net		 198 219 245 276 334 350 394
Prepaid Expenses		 14 13 20 17 15 32 27
Plant, Property, & Equipment, net		 304 357 434 499 561 642 750
Total Noncurrent Assets		 832 1,558 1,670 1,728 1,744 1,811 1,920
Noncurrent Note & Lease Receivables		 14 20 27 22 23 28 36
Goodwill		 748 748 748 748 748 748 783
Intangible Assets		 69 48 48 52 64 79 79
Other Noncurrent Operating Assets		 2.05 742 843 906 910 956 1,022
Total Liabilities & Shareholders' Equity		 1,377 2,186 2,486 2,670 2,772 2,970 3,174
Total Liabilities		 1,077 1,440 1,563 1,661 1,662 1,750 1,976
Total Current Liabilities		 151 209 233 238 281 384 350
Short-Term Debt		 7.35 0.25 - - 0.00 5.63 15
Accounts Payable		 98 119 114 122 138 209 176
Accrued Expenses		 31 31 36 49 53 67 55
Current Deferred & Payable Income Tax Liabilities		 3.46 4.64 7.55 7.19 7.89 14 11
Current Employee Benefit Liabilities		 11 15 26 8.45 27 25 20
Other Current Liabilities		 0.00 38 49 51 55 64 73
Total Noncurrent Liabilities		 926 1,232 1,331 1,423 1,382 1,366 1,627
Long-Term Debt		 850 448 449 451 380 287 463
Noncurrent Deferred & Payable Income Tax Liabilities		 15 16 0.00 9.42 20 39 56
Other Noncurrent Operating Liabilities		 0.00 768 881 962 982 1,041 1,108
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 300 745 922 1,009 1,110 1,219 1,197
Total Preferred & Common Equity		 300 745 922 1,009 1,110 1,219 1,197
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 300 745 922 1,009 1,110 1,219 1,197
Common Stock		 288 717 787 812 848 877 816
Retained Earnings		 12 28 135 197 263 342 381

Quarterly Balance Sheets for Grocery Outlet

This table presents Grocery Outlet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 10/1/2022 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025
Total Assets		 2,751 2,770 2,823 2,929 2,975 3,081 3,139 3,271
Total Current Assets		 469 427 440 514 478 475 514 485
Cash & Equivalents		 107 82 88 156 67 67 69 51
Note & Lease Receivable		 9.10 8.69 9.30 9.27 13 12 14 16
Accounts Receivable		 3.13 4.28 5.15 14 5.48 4.39 4.24 5.47
Inventories, net		 332 316 320 309 363 367 397 386
Prepaid Expenses		 17 16 18 27 30 24 31 27
Plant, Property, & Equipment, net		 538 574 592 627 681 713 731 786
Total Noncurrent Assets		 1,745 1,768 1,790 1,788 1,816 1,893 1,894 2,000
Noncurrent Note & Lease Receivables		 22 25 25 26 28 31 33 38
Goodwill		 748 748 748 748 748 777 777 783
Intangible Assets		 61 69 73 77 80 77 77 80
Other Noncurrent Operating Assets		 914 927 945 937 959 1,008 1,007 1,099
Total Liabilities & Shareholders' Equity		 2,751 2,770 2,823 2,929 2,975 3,081 3,139 3,271
Total Liabilities		 1,666 1,642 1,658 1,726 1,750 1,860 1,912 2,092
Total Current Liabilities		 287 301 321 384 382 369 352 389
Short-Term Debt		 - 5.63 5.63 5.63 5.63 5.63 9.38 17
Accounts Payable		 143 159 147 184 224 210 197 194
Accrued Expenses		 57 56 71 88 63 54 52 71
Current Deferred & Payable Income Tax Liabilities		 8.91 9.11 11 15 14 7.92 11 11
Current Employee Benefit Liabilities		 22 13 24 28 11 19 16 22
Other Current Liabilities		 56 59 61 63 64 72 67 74
Total Noncurrent Liabilities		 1,378 1,341 1,337 1,343 1,368 1,491 1,560 1,703
Long-Term Debt		 379 317 291 289 285 374 420 459
Noncurrent Deferred & Payable Income Tax Liabilities		 17 26 30 35 37 41 53 50
Other Noncurrent Operating Liabilities		 982 998 1,017 1,019 1,046 1,076 1,087 1,194
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,085 1,128 1,165 1,203 1,225 1,221 1,226 1,180
Total Preferred & Common Equity		 1,085 1,128 1,165 1,203 1,225 1,221 1,226 1,180
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,085 1,128 1,165 1,203 1,225 1,221 1,226 1,180
Common Stock		 839 851 864 875 884 866 847 821
Retained Earnings		 247 276 301 328 341 355 379 358

Annual Metrics And Ratios for Grocery Outlet

This table displays calculated financial ratios and metrics derived from Grocery Outlet's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 11.89% 22.47% -1.76% 16.19% 10.94% 10.13%
EBITDA Growth		 0.00% -9.43% 38.71% -0.70% 4.52% 23.31% -12.76%
EBIT Growth		 0.00% -17.13% 57.11% -13.33% 0.70% 34.22% -37.73%
NOPAT Growth		 0.00% 4.86% 109.42% -45.53% 13.88% 17.68% -42.68%
Net Income Growth		 0.00% -2.83% 592.09% -41.61% 4.40% 22.11% -50.32%
EPS Growth		 0.00% -17.39% 468.42% -41.67% 3.17% 21.54% -49.37%
Operating Cash Flow Growth		 0.00% 25.54% 36.44% -8.64% 12.03% 63.57% -63.10%
Free Cash Flow Firm Growth		 0.00% 0.00% -9.52% -43.75% -12.19% 470.07% -285.87%
Invested Capital Growth		 0.00% 2.55% 8.66% 4.30% 5.03% 0.72% 15.39%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -0.78% 4.32% 1.51% 2.53%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -3.02% 4.59% -0.28% -1.52%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -8.30% 8.40% -3.85% -8.79%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -20.91% 16.74% -5.17% -13.42%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -22.05% 16.58% -2.20% -23.01%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -21.25% 16.07% -2.47% -21.57%
Operating Cash Flow Q/Q Growth		 0.00% 6.39% 42.03% -25.99% 13.34% -5.72% 12.31%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 908.76% -26.19% 11.72%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 2.46% 2.20% 4.11% 1.60%
Profitability Metrics		 - - - - - - -
Gross Margin		 30.40% 30.75% 31.05% 30.81% 30.52% 31.28% 30.24%
EBITDA Margin		 5.84% 4.73% 5.36% 5.41% 4.87% 5.41% 4.29%
Operating Margin		 3.60% 2.67% 3.43% 2.89% 2.65% 3.17% 1.79%
EBIT Margin		 3.60% 2.67% 3.43% 3.02% 2.62% 3.17% 1.79%
Profit (Net Income) Margin		 0.69% 0.60% 3.40% 2.02% 1.82% 2.00% 0.90%
Tax Burden Percent		 72.62% 91.88% 122.47% 80.40% 85.88% 76.32% 70.26%
Interest Burden Percent		 26.50% 24.56% 81.15% 83.28% 80.83% 82.75% 71.71%
Effective Tax Rate		 27.38% 8.12% -22.47% 19.60% 14.12% 23.68% 29.74%
Return on Invested Capital (ROIC)		 5.27% 5.46% 10.82% 5.54% 6.03% 6.90% 3.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.01% -2.09% 4.33% 2.69% 0.41% -0.39% -1.60%
Return on Net Nonoperating Assets (RNNOA)		 0.02% -2.51% 1.98% 0.91% 0.11% -0.08% -0.39%
Return on Equity (ROE)		 5.29% 2.95% 12.80% 6.45% 6.14% 6.82% 3.27%
Cash Return on Invested Capital (CROIC)		 0.00% 2.94% 2.51% 1.33% 1.11% 6.18% -10.63%
Operating Return on Assets (OROA)		 5.99% 3.84% 4.60% 3.61% 3.44% 4.38% 2.55%
Return on Assets (ROA)		 1.15% 0.87% 4.57% 2.42% 2.39% 2.77% 1.28%
Return on Common Equity (ROCE)		 5.29% 2.95% 12.80% 6.45% 6.14% 6.82% 3.27%
Return on Equity Simple (ROE_SIMPLE)		 5.29% 2.07% 11.57% 6.17% 5.86% 6.51% 3.30%
Net Operating Profit after Tax (NOPAT)		 60 63 132 72 82 96 55
NOPAT Margin		 2.62% 2.45% 4.20% 2.33% 2.28% 2.42% 1.26%
Net Nonoperating Expense Percent (NNEP)		 5.26% 7.54% 6.49% 2.85% 5.62% 7.29% 5.26%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 5.48% 6.35% 3.29%
Cost of Revenue to Revenue		 69.60% 69.25% 68.95% 69.19% 69.48% 68.72% 69.76%
SG&A Expenses to Revenue		 24.35% 24.98% 24.64% 27.92% 27.87% 28.11% 28.45%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 26.79% 28.08% 27.63% 27.92% 27.87% 28.11% 28.45%
Earnings before Interest and Taxes (EBIT)		 82 68 107 93 94 126 78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 134 121 168 167 174 215 187
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 1.26 3.99 4.01 2.69 2.56 2.19 1.26
Price to Tangible Book Value (P/TBV)		 0.00 0.00 29.30 12.97 9.52 6.81 4.47
Price to Revenue (P/Rev)		 0.17 1.16 1.18 0.88 0.79 0.67 0.34
Price to Earnings (P/E)		 23.83 192.96 34.63 43.58 43.65 33.69 38.08
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.20% 0.52% 2.89% 2.29% 2.29% 2.97% 2.63%
Enterprise Value to Invested Capital (EV/IC)		 1.07 2.91 3.19 2.29 2.25 2.04 1.19
Enterprise Value to Revenue (EV/Rev)		 0.53 1.33 1.29 0.98 0.87 0.72 0.44
Enterprise Value to EBITDA (EV/EBITDA)		 9.09 28.05 24.06 18.16 17.89 13.28 10.23
Enterprise Value to EBIT (EV/EBIT)		 14.73 49.68 37.62 32.52 33.25 22.69 24.48
Enterprise Value to NOPAT (EV/NOPAT)		 20.28 54.07 30.72 42.25 38.20 29.73 34.84
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.48 25.56 22.29 18.28 16.80 9.41 17.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 100.52 132.18 176.07 206.46 33.17 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 2.86 0.60 0.49 0.45 0.34 0.24 0.40
Long-Term Debt to Equity		 2.83 0.60 0.49 0.45 0.34 0.24 0.39
Financial Leverage		 2.79 1.20 0.46 0.34 0.28 0.20 0.25
Leverage Ratio		 4.59 3.41 2.80 2.67 2.57 2.46 2.54
Compound Leverage Factor		 1.22 0.84 2.27 2.22 2.08 2.04 1.82
Debt to Total Capital		 74.08% 37.54% 32.75% 30.91% 25.48% 19.36% 28.51%
Short-Term Debt to Total Capital		 0.64% 0.02% 0.00% 0.00% 0.00% 0.37% 0.90%
Long-Term Debt to Total Capital		 73.45% 37.52% 32.75% 30.91% 25.48% 18.99% 27.61%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 25.92% 62.46% 67.25% 69.09% 74.52% 80.64% 71.49%
Debt to EBITDA		 6.42 3.70 2.68 2.71 2.18 1.36 2.55
Net Debt to EBITDA		 6.26 3.47 2.05 1.87 1.59 0.83 2.21
Long-Term Debt to EBITDA		 6.36 3.70 2.68 2.71 2.18 1.34 2.47
Debt to NOPAT		 14.32 7.13 3.42 6.30 4.65 3.05 8.68
Net Debt to NOPAT		 13.97 6.69 2.62 4.35 3.39 1.85 7.54
Long-Term Debt to NOPAT		 14.19 7.13 3.42 6.30 4.65 2.99 8.40
Altman Z-Score		 2.16 2.57 2.97 2.45 2.64 2.61 2.14
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 1.59 1.30 1.64 1.86 1.67 1.35 1.44
Quick Ratio		 0.19 0.18 0.50 0.63 0.42 0.35 0.24
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 34 31 17 15 86 -160
Operating Cash Flow to CapEx		 166.19% 137.50% 145.40% 134.24% 142.22% 179.59% 60.00%
Free Cash Flow to Firm to Interest Expense		 0.00 6.00 154.34 0.00 0.00 16.11 0.00
Operating Cash Flow to Interest Expense		 20.14 23.58 915.34 0.00 0.00 56.83 0.00
Operating Cash Flow Less CapEx to Interest Expense		 8.02 6.43 285.79 0.00 0.00 25.18 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 1.66 1.44 1.34 1.19 1.31 1.38 1.42
Accounts Receivable Turnover		 1,105.68 1,040.92 712.50 676.16 950.74 928.20 1,046.94
Inventory Turnover		 8.03 8.49 9.30 8.19 8.15 7.97 8.20
Fixed Asset Turnover		 7.52 7.75 7.93 6.60 6.75 6.60 6.28
Accounts Payable Turnover		 16.23 16.31 18.51 18.03 19.14 15.72 15.83
Days Sales Outstanding (DSO)		 0.33 0.35 0.51 0.54 0.38 0.39 0.35
Days Inventory Outstanding (DIO)		 45.46 43.01 39.23 44.59 44.77 45.78 44.53
Days Payable Outstanding (DPO)		 22.49 22.38 19.72 20.25 19.07 23.21 23.05
Cash Conversion Cycle (CCC)		 23.30 20.98 20.02 24.89 26.08 22.96 21.83
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 1,136 1,165 1,266 1,321 1,387 1,397 1,612
Invested Capital Turnover		 2.01 2.22 2.58 2.38 2.64 2.85 2.91
Increase / (Decrease) in Invested Capital		 0.00 29 101 54 66 9.95 215
Enterprise Value (EV)		 1,214 3,395 4,039 3,027 3,116 2,854 1,917
Market Capitalization		 378 2,975 3,695 2,715 2,840 2,676 1,503
Book Value per Share		 $4.38 $8.39 $9.80 $10.51 $11.41 $12.28 $12.33
Tangible Book Value per Share		 ($7.55) ($0.57) $1.34 $2.18 $3.07 $3.96 $3.46
Total Capital		 1,157 1,193 1,372 1,461 1,490 1,512 1,675
Total Debt		 857 448 449 451 380 293 478
Total Long-Term Debt		 850 448 449 451 380 287 463
Net Debt		 836 420 344 311 277 178 415
Capital Expenditures (CapEx)		 64 97 125 123 130 169 187
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 76 34 44 65 84 23 106
Debt-free Net Working Capital (DFNWC)		 97 62 149 205 187 138 169
Net Working Capital (NWC)		 89 62 149 205 187 133 154
Net Nonoperating Expense (NNE)		 44 47 25 9.32 17 17 16
Net Nonoperating Obligations (NNO)		 836 420 344 311 277 178 415
Total Depreciation and Amortization (D&A)		 51 53 61 74 81 89 109
Debt-free, Cash-free Net Working Capital to Revenue		 3.31% 1.34% 1.40% 2.10% 2.35% 0.59% 2.44%
Debt-free Net Working Capital to Revenue		 4.23% 2.44% 4.76% 6.65% 5.22% 3.48% 3.87%
Net Working Capital to Revenue		 3.91% 2.43% 4.76% 6.65% 5.22% 3.34% 3.53%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.16 $0.65 $0.67 $0.80 $0.40
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 91.82M 95.73M 96.81M 98.71M 98.71M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.08 $0.63 $0.65 $0.79 $0.40
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 98.45M 99.42M 100.16M 100.83M 99.62M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 95.25M 96.04M 97.68M 99.23M 97.36M
Normalized Net Operating Profit after Tax (NOPAT)		 60 63 75 72 82 96 55
Normalized NOPAT Margin		 2.62% 2.45% 2.40% 2.33% 2.28% 2.42% 1.26%
Pre Tax Income Margin		 0.96% 0.66% 2.78% 2.52% 2.12% 2.62% 1.28%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 15.70 12.13 542.30 0.00 0.00 23.55 0.00
NOPAT to Interest Expense		 11.40 11.15 664.15 0.00 0.00 17.98 0.00
EBIT Less CapEx to Interest Expense		 3.58 -5.02 -87.25 0.00 0.00 -8.09 0.00
NOPAT Less CapEx to Interest Expense		 -0.72 -6.00 34.60 0.00 0.00 -13.66 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 967.90% 23.64% 0.41% 0.30% 0.16% 0.02% 0.00%
Augmented Payout Ratio		 967.90% 69.44% 0.41% 0.30% 5.47% 7.44% 206.14%

Quarterly Metrics And Ratios for Grocery Outlet

This table displays calculated financial ratios and metrics derived from Grocery Outlet's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/1/2022 12/31/2022 4/1/2023 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.42% 18.93% 16.12% 12.54% 9.34% 6.34% 7.40% 11.71% 10.39% 10.91% 8.55%
EBITDA Growth		 0.83% 25.37% 38.03% 26.39% 31.50% -1.36% -52.35% -8.56% 14.51% -6.67% -70.34%
EBIT Growth		 -5.57% 55.30% 68.92% 42.30% 52.13% -21.02% -98.28% -28.44% 7.27% -39.91% -4,097.87%
NOPAT Growth		 7.56% 135.84% 46.25% 13.28% 40.83% -26.37% -98.11% -36.80% -5.90% -60.82% -4,097.87%
Net Income Growth		 2.08% 139.33% 18.54% 21.78% 55.13% -11.22% -107.47% -42.79% -10.91% -83.62% -2,174.83%
EPS Growth		 0.00% 128.57% 16.67% 20.00% 58.82% -12.50% -107.14% -41.67% -11.11% -78.57% -2,300.00%
Operating Cash Flow Growth		 -2.64% 91.63% 141.22% 43.58% 116.02% -40.35% -91.05% -40.14% -80.67% 45.06% 651.66%
Free Cash Flow Firm Growth		 -581.11% -0.20% 55.36% 120.28% 198.45% 111.65% -739.64% -2,523.53% -570.10% -4,022.17% -115.02%
Invested Capital Growth		 5.31% 5.03% 2.27% 1.65% -1.13% 0.72% 5.86% 11.61% 18.24% 15.39% 10.75%
Revenue Q/Q Growth		 2.29% 1.38% 3.72% 4.64% -0.63% -1.40% 4.76% 8.83% -1.80% -0.93% 2.52%
EBITDA Q/Q Growth		 -0.82% -2.92% 22.34% 7.30% 3.19% -27.18% -40.90% 105.91% 29.22% -40.64% -81.22%
EBIT Q/Q Growth		 -3.71% -2.93% 36.95% 11.16% 2.95% -49.61% -97.03% 4,536.77% 54.32% -71.77% -297.91%
NOPAT Q/Q Growth		 -12.61% -4.46% 0.66% 34.78% 8.64% -50.05% -97.42% 4,413.87% 61.77% -79.20% -363.22%
Net Income Q/Q Growth		 -12.93% -9.18% -13.65% 78.36% 10.91% -48.03% -107.27% 1,465.95% 72.69% -90.44% -1,108.96%
EPS Q/Q Growth		 -15.00% -5.88% -12.50% 71.43% 12.50% -48.15% -107.14% 1,500.00% 71.43% -87.50% -900.00%
Operating Cash Flow Q/Q Growth		 13.92% -17.20% 91.96% -20.70% 71.39% -77.14% -71.20% 430.51% -44.64% 71.53% 49.22%
Free Cash Flow Firm Q/Q Growth		 -61.95% 2.00% 79.23% 161.52% 686.05% -88.40% -1,596.98% -77.57% -52.47% 3.23% 17.93%
Invested Capital Q/Q Growth		 0.45% 2.20% -1.34% 0.37% -2.30% 4.11% 3.69% 5.82% 3.50% 1.60% -0.48%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 30.56% 30.21% 31.13% 32.33% 31.45% 30.19% 29.31% 30.95% 31.12% 29.50% 30.42%
EBITDA Margin		 4.94% 4.73% 5.58% 5.72% 5.94% 4.39% 2.48% 4.69% 6.17% 3.69% 0.68%
Operating Margin		 2.69% 2.57% 3.40% 3.61% 3.74% 1.91% 0.05% 2.31% 3.64% 1.04% -2.00%
EBIT Margin		 2.69% 2.57% 3.40% 3.61% 3.74% 1.91% 0.05% 2.31% 3.64% 1.04% -2.00%
Profit (Net Income) Margin		 1.91% 1.71% 1.42% 2.42% 2.70% 1.43% -0.10% 1.24% 2.18% 0.21% -2.07%
Tax Burden Percent		 87.96% 86.58% 63.64% 77.16% 81.43% 80.72% 39.23% 68.14% 71.43% 52.63% 80.33%
Interest Burden Percent		 80.56% 76.58% 65.69% 86.94% 88.75% 92.34% -464.12% 78.71% 84.02% 38.61% 128.97%
Effective Tax Rate		 12.04% 13.42% 36.36% 22.84% 18.57% 19.28% 0.00% 31.86% 28.57% 47.37% 0.00%
Return on Invested Capital (ROIC)		 6.13% 5.89% 5.93% 7.82% 8.83% 4.40% 0.11% 4.51% 7.56% 1.58% -4.09%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.64% 4.24% 3.35% 6.36% 7.15% 3.89% -0.50% 3.06% 5.72% 0.34% -6.42%
Return on Net Nonoperating Assets (RNNOA)		 1.27% 1.18% 0.86% 1.44% 1.28% 0.76% -0.10% 0.67% 1.18% 0.08% -1.73%
Return on Equity (ROE)		 7.40% 7.07% 6.80% 9.26% 10.11% 5.16% 0.01% 5.18% 8.74% 1.67% -5.82%
Cash Return on Invested Capital (CROIC)		 0.11% 1.11% 4.35% 5.13% 8.64% 6.18% -0.32% -6.46% -12.37% -10.63% -8.11%
Operating Return on Assets (OROA)		 3.44% 3.39% 4.61% 5.01% 5.15% 2.64% 0.08% 3.26% 5.11% 1.47% -2.86%
Return on Assets (ROA)		 2.43% 2.24% 1.93% 3.36% 3.72% 1.97% -0.14% 1.75% 3.07% 0.30% -2.96%
Return on Common Equity (ROCE)		 7.40% 7.07% 6.80% 9.26% 10.11% 5.16% 0.01% 5.18% 8.74% 1.67% -5.82%
Return on Equity Simple (ROE_SIMPLE)		 5.14% 0.00% 5.96% 6.14% 6.75% 0.00% 5.28% 4.44% 4.18% 0.00% 1.46%
Net Operating Profit after Tax (NOPAT)		 22 21 21 28 31 15 0.39 18 29 5.99 -16
NOPAT Margin		 2.37% 2.23% 2.16% 2.79% 3.05% 1.54% 0.04% 1.58% 2.60% 0.55% -1.40%
Net Nonoperating Expense Percent (NNEP)		 1.49% 1.65% 2.58% 1.46% 1.68% 0.51% 0.61% 1.45% 1.84% 1.24% 2.33%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.39% - - - 1.01% - - - 0.36% -0.95%
Cost of Revenue to Revenue		 69.44% 69.79% 68.87% 67.67% 68.55% 69.81% 70.69% 69.05% 68.88% 70.50% 69.58%
SG&A Expenses to Revenue		 27.88% 27.63% 27.73% 28.71% 27.71% 28.28% 29.26% 28.63% 27.49% 28.47% 29.41%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 27.88% 27.63% 27.73% 28.71% 27.71% 28.28% 29.26% 28.63% 27.49% 28.47% 32.42%
Earnings before Interest and Taxes (EBIT)		 25 24 33 36 38 19 0.56 26 40 11 -23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 45 44 54 58 60 43 26 53 68 41 7.62
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.97 2.56 2.45 2.58 2.37 2.19 2.33 1.81 1.41 1.26 1.09
Price to Tangible Book Value (P/TBV)		 11.66 9.52 8.88 8.75 7.54 6.81 7.21 6.02 4.65 4.47 4.07
Price to Revenue (P/Rev)		 0.94 0.79 0.74 0.79 0.73 0.67 0.71 0.53 0.41 0.34 0.29
Price to Earnings (P/E)		 57.83 43.65 41.08 42.03 35.09 33.69 44.16 40.74 33.78 38.08 75.12
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.73% 2.29% 2.43% 2.38% 2.85% 2.97% 2.26% 2.45% 2.96% 2.63% 1.33%
Enterprise Value to Invested Capital (EV/IC)		 2.58 2.25 2.19 2.34 2.23 2.04 2.13 1.64 1.32 1.19 1.07
Enterprise Value to Revenue (EV/Rev)		 1.02 0.87 0.81 0.84 0.76 0.72 0.76 0.61 0.49 0.44 0.38
Enterprise Value to EBITDA (EV/EBITDA)		 21.00 17.89 15.77 15.99 13.87 13.28 16.51 13.88 10.99 10.23 10.12
Enterprise Value to EBIT (EV/EBIT)		 40.47 33.25 27.69 27.28 22.84 22.69 32.94 30.32 24.36 24.48 31.03
Enterprise Value to NOPAT (EV/NOPAT)		 50.07 38.20 33.61 34.88 29.52 29.73 40.69 38.44 32.91 34.84 53.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.38 16.80 12.67 12.47 9.29 9.41 13.78 12.88 20.99 17.13 10.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 2,338.19 206.46 50.95 46.00 25.63 33.17 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.35 0.34 0.29 0.25 0.24 0.24 0.24 0.31 0.35 0.40 0.40
Long-Term Debt to Equity		 0.35 0.34 0.28 0.25 0.24 0.24 0.23 0.31 0.34 0.39 0.39
Financial Leverage		 0.27 0.28 0.26 0.23 0.18 0.20 0.20 0.22 0.21 0.25 0.27
Leverage Ratio		 2.58 2.57 2.55 2.48 2.48 2.46 2.44 2.47 2.50 2.54 2.60
Compound Leverage Factor		 2.08 1.97 1.67 2.16 2.20 2.28 -11.33 1.95 2.10 0.98 3.35
Debt to Total Capital		 25.90% 25.48% 22.27% 20.28% 19.67% 19.36% 19.20% 23.70% 25.93% 28.51% 28.74%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.39% 0.39% 0.38% 0.37% 0.37% 0.35% 0.57% 0.90% 1.02%
Long-Term Debt to Total Capital		 25.90% 25.48% 21.88% 19.89% 19.29% 18.99% 18.83% 23.35% 25.37% 27.61% 27.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 74.10% 74.52% 77.73% 79.72% 80.33% 80.64% 80.80% 76.30% 74.07% 71.49% 71.26%
Debt to EBITDA		 2.28 2.18 1.70 1.47 1.37 1.36 1.56 2.09 2.26 2.55 2.81
Net Debt to EBITDA		 1.63 1.59 1.27 1.04 0.64 0.83 1.20 1.72 1.89 2.21 2.51
Long-Term Debt to EBITDA		 2.28 2.18 1.67 1.45 1.34 1.34 1.53 2.06 2.21 2.47 2.71
Debt to NOPAT		 5.43 4.65 3.62 3.21 2.91 3.05 3.84 5.78 6.75 8.68 14.92
Net Debt to NOPAT		 3.89 3.39 2.70 2.26 1.37 1.85 2.96 4.76 5.67 7.54 13.32
Long-Term Debt to NOPAT		 5.43 4.65 3.56 3.15 2.85 2.99 3.77 5.70 6.61 8.40 14.39
Altman Z-Score		 2.64 2.56 2.58 2.69 2.58 2.49 2.54 2.29 2.17 2.07 1.90
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.63 1.67 1.42 1.37 1.34 1.35 1.25 1.29 1.46 1.44 1.25
Quick Ratio		 0.42 0.42 0.32 0.32 0.47 0.35 0.22 0.23 0.25 0.24 0.19
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -47 -46 -9.50 5.84 46 5.33 -80 -142 -216 -209 -172
Operating Cash Flow to CapEx		 203.92% 101.18% 266.57% 209.76% 253.99% 48.56% 16.95% 107.03% 54.37% 66.80% 97.50%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -1.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 16.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 10.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.28 1.31 1.36 1.39 1.38 1.38 1.41 1.41 1.41 1.42 1.43
Accounts Receivable Turnover		 1,017.64 950.74 988.59 866.21 460.00 928.20 827.97 872.31 470.79 1,046.94 814.19
Inventory Turnover		 8.23 8.15 8.38 8.25 8.39 7.97 8.23 8.41 8.41 8.20 8.28
Fixed Asset Turnover		 6.71 6.75 6.85 6.86 6.72 6.60 6.44 6.37 6.28 6.28 6.08
Accounts Payable Turnover		 17.93 19.14 17.62 18.82 16.43 15.72 14.63 16.18 15.56 15.83 14.85
Days Sales Outstanding (DSO)		 0.36 0.38 0.37 0.42 0.79 0.39 0.44 0.42 0.78 0.35 0.45
Days Inventory Outstanding (DIO)		 44.36 44.77 43.58 44.23 43.51 45.78 44.33 43.40 43.40 44.53 44.09
Days Payable Outstanding (DPO)		 20.35 19.07 20.72 19.39 22.22 23.21 24.96 22.56 23.45 23.05 24.58
Cash Conversion Cycle (CCC)		 24.36 26.08 23.23 25.26 22.09 22.96 19.81 21.26 20.73 21.83 19.96
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,357 1,387 1,368 1,374 1,342 1,397 1,449 1,533 1,587 1,612 1,604
Invested Capital Turnover		 2.59 2.64 2.74 2.81 2.90 2.85 2.87 2.86 2.91 2.91 2.92
Increase / (Decrease) in Invested Capital		 68 66 30 22 -15 9.95 80 159 245 215 156
Enterprise Value (EV)		 3,499 3,116 3,001 3,217 2,989 2,854 3,081 2,521 2,092 1,917 1,715
Market Capitalization		 3,227 2,840 2,761 3,009 2,850 2,676 2,857 2,209 1,731 1,503 1,290
Book Value per Share		 $11.20 $11.41 $11.54 $11.85 $12.18 $12.28 $12.30 $12.23 $12.51 $12.33 $12.12
Tangible Book Value per Share		 $2.85 $3.07 $3.18 $3.50 $3.83 $3.96 $3.98 $3.68 $3.80 $3.46 $3.25
Total Capital		 1,465 1,490 1,451 1,461 1,498 1,512 1,516 1,600 1,655 1,675 1,655
Total Debt		 379 380 323 296 295 293 291 379 429 478 476
Total Long-Term Debt		 379 380 317 291 289 287 285 374 420 463 459
Net Debt		 272 277 241 209 139 178 224 312 361 415 425
Capital Expenditures (CapEx)		 27 45 33 33 47 56 46 39 42 59 60
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 74 84 50 37 -19 23 35 45 102 106 62
Debt-free Net Working Capital (DFNWC)		 181 187 132 125 136 138 102 112 171 169 113
Net Working Capital (NWC)		 181 187 126 119 131 133 96 107 162 154 96
Net Nonoperating Expense (NNE)		 4.22 4.86 7.17 3.68 3.44 1.17 1.42 3.79 4.60 3.67 7.56
Net Nonoperating Obligations (NNO)		 272 277 241 209 139 178 224 312 361 415 425
Total Depreciation and Amortization (D&A)		 21 20 21 21 22 25 25 27 28 29 30
Debt-free, Cash-free Net Working Capital to Revenue		 2.15% 2.35% 1.34% 0.98% -0.49% 0.59% 0.87% 1.09% 2.40% 2.44% 1.39%
Debt-free Net Working Capital to Revenue		 5.28% 5.22% 3.55% 3.27% 3.49% 3.48% 2.52% 2.70% 4.01% 3.87% 2.54%
Net Working Capital to Revenue		 5.28% 5.22% 3.40% 3.12% 3.34% 3.34% 2.38% 2.56% 3.79% 3.53% 2.16%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.18 $0.16 $0.14 $0.25 $0.27 $0.14 ($0.01) $0.14 $0.25 $0.02 ($0.24)
Adjusted Weighted Average Basic Shares Outstanding		 97.06M 96.81M 97.92M 98.52M 99.11M 98.71M 99.52M 99.54M 98.36M 98.71M 97.52M
Adjusted Diluted Earnings per Share		 $0.17 $0.16 $0.14 $0.24 $0.27 $0.14 ($0.01) $0.14 $0.24 $0.03 ($0.24)
Adjusted Weighted Average Diluted Shares Outstanding		 100.49M 100.16M 100.57M 100.64M 100.97M 100.83M 99.52M 100.37M 98.93M 99.62M 97.52M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 97.28M 97.68M 98.29M 98.78M 99.27M 99.23M 99.86M 97.99M 97.14M 97.36M 98.03M
Normalized Net Operating Profit after Tax (NOPAT)		 22 21 21 28 31 15 0.39 18 29 5.99 7.96
Normalized NOPAT Margin		 2.37% 2.23% 2.16% 2.79% 3.05% 1.54% 0.04% 1.58% 2.60% 0.55% 0.71%
Pre Tax Income Margin		 2.17% 1.97% 2.23% 3.14% 3.32% 1.77% -0.25% 1.82% 3.05% 0.40% -2.58%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 6.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 3.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -2.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.15% 0.16% 0.00% 0.11% 0.10% 0.02% 0.00% 0.01% 0.01% 0.00% 0.00%
Augmented Payout Ratio		 6.33% 5.47% 4.87% 4.69% 4.13% 7.44% 13.69% 62.52% 114.97% 206.14% 437.40%

Financials Breakdown Chart

Key Financial Trends

Revenue and Profitability Trends

  • Grocery Outlet's operating revenue showed consistent growth over the past year, increasing from approximately $1.04 billion in Q1 2024 to $1.13 billion in Q1 2025, reflecting a steady top-line expansion.
  • Despite the revenue growth, the company recorded a net loss of $23.3 million in Q1 2025, marking a significant decline from positive net income in previous quarters (e.g., $2.31 million in Q4 2024 and $24.18 million in Q3 2024), which signals margin pressure or increased costs.
  • Gross profit improved slightly year-over-year but was offset by rising selling, general & administrative (SG&A) expenses and a notable restructuring charge of $33.9 million in Q1 2025, contributing to operating income turning negative.

Operating Expenses and Charges

  • SG&A expenses increased to $331 million in Q1 2025 from $303 million in Q1 2024, reflecting increased operational costs.
  • Restructuring charges introduced this quarter indicate potential operational restructuring or other cost-cutting measures that have impacted profitability.

Cash Flow and Liquidity

  • Cash flow from continuing operating activities surged to $58.9 million in Q1 2025 from $7.84 million in Q1 2024, indicating strong cash generation despite reporting a net loss, which suggests non-cash expenses or working capital improvements are positively impacting liquidity.
  • Net cash used in investing activities remains high at $68.7 million in Q1 2025, primarily driven by significant capital expenditures and acquisitions, though investment in growth might be beneficial long term.
  • Financing activities showed a net cash outflow of $2.17 million in Q1 2025, including net repayments of debt, indicating some deleveraging but with negative cash impact.
  • Overall, the company’s cash and equivalents decreased by approximately $11.9 million in the quarter, bringing the balance to about $50.9 million as of Q1 2025.

Balance Sheet and Financial Position

  • Total assets increased to approximately $3.27 billion in Q1 2025, up from $2.97 billion in Q1 2024, mainly due to increases in property, plant & equipment and goodwill, signaling investment and acquisition activity.
  • Total liabilities rose to about $2.09 billion in Q1 2025 from $1.75 billion in Q1 2024, with long-term debt increasing to $459 million, reflecting increased leverage compared to prior periods.
  • Total common equity was around $1.18 billion in Q1 2025, slightly down compared to prior quarters, possibly impacted by net losses.

Summary

Grocery Outlet has experienced steady revenue growth over the past year but faced profitability challenges in the most recent quarter, notably due to increased operating expenses and restructuring charges. Positive cash flow from operations provides some cushion, yet heavy investing and moderate deleveraging efforts have led to cash outflows. The company’s balance sheet remains solid with a sizable asset base and equity, though increasing debt levels warrant monitoring. Retail investors should watch how Grocery Outlet manages its cost structure and leverages capital investments moving forward to return to profitability.

10/25/25 04:30 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Grocery Outlet's Financials

When does Grocery Outlet's fiscal year end?

According to the most recent income statement we have on file, Grocery Outlet's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Grocery Outlet's net income changed over the last 6 years?

Grocery Outlet's net income appears to be on an upward trend, with a most recent value of $39.47 million in 2024, rising from $15.87 million in 2018. The previous period was $79.44 million in 2023. See Grocery Outlet's forecast for analyst expectations on what’s next for the company.

What is Grocery Outlet's operating income?
Grocery Outlet's total operating income in 2024 was $78.33 million, based on the following breakdown:
  • Total Gross Profit: $1.32 billion
  • Total Operating Expenses: $1.24 billion
How has Grocery Outlet's revenue changed over the last 6 years?

Over the last 6 years, Grocery Outlet's total revenue changed from $2.29 billion in 2018 to $4.37 billion in 2024, a change of 91.1%.

How much debt does Grocery Outlet have?

Grocery Outlet's total liabilities were at $1.98 billion at the end of 2024, a 12.9% increase from 2023, and a 83.5% increase since 2018.

How much cash does Grocery Outlet have?

In the past 6 years, Grocery Outlet's cash and equivalents has ranged from $21.06 million in 2018 to $140.09 million in 2021, and is currently $62.83 million as of their latest financial filing in 2024.

How has Grocery Outlet's book value per share changed over the last 6 years?

Over the last 6 years, Grocery Outlet's book value per share changed from 4.38 in 2018 to 12.33 in 2024, a change of 181.4%.


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This page (NASDAQ:GO) was last updated on 10/25/2025 by MarketBeat.com Staff
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