Grocery Outlet Holding (GO) Q2 FY2026 earnings: revenue $1.2 billion, up 1.1% on the year

Grocery Outlet Holding Corp. (GO) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 4 July 2026, up 1.1% on the same quarter a year earlier. Net income was $6 million, up 13.4% on the year, and diluted earnings per share $0.06. The figures are the company's own, from the 10-Q it filed with the SEC on 12 August 2026.

Revenue$1.2 billionup 1.1%

Net income$6 millionup 13.4%

Diluted EPS$0.06

QuarterQ2 FY2026ended 4 July 2026

What management said

Guidance figures: 4 raised, 2 kept.

Traffic remained positive, basket still declining: Transaction count increased 1.8% in Q2, demonstrating customer acquisition. Average transaction size declined 2.1%, an improvement from Q1's -3.1%, indicating sequential improvement in basket though still negative.
Completed all 36 Optimization Plan closures: Management closed all 36 underperforming stores targeted in the Optimization Plan by end of first half, 27 in Q1 and 9 in Q2, substantially on schedule for expected completion by Q1 2027.
Comparable sales guidance improved 150 basis points: Management raised comparable store sales guidance to -0.5% to 0.0% from -2.0% to 0.0%, reflecting improved trends demonstrated in Q2 and confidence in continued progression.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	1,193	1,166	1,180	+1.1%
Cost of revenue	832	821	819	+1.6%
Gross profit	361	345	361	+0.0%
Gross margin	30.2%	29.6%	30.6%
Selling, general and administrative	340	347	337	+0.8%
Operating income	15.8	-178	12.8	+23.4%
Operating margin	1.3%	-15.3%	1.1%
Pre-tax income	9.2	-184	6.2	+47.6%
Income tax	3.6	-4.1	1.3	+181.6%
Effective tax rate	38.8%	n/a	20.3%
Net income	5.6	-180	5.0	+13.4%
Net margin	0.5%	-15.5%	0.4%
Diluted EPS	$0.06	-$1.83	$0.05	+20.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	43.1	52.6	73.6	-41.4%
Capital expenditure	41.8	52.8	59.2	-29.5%
Free cash flow	1.4	-0.2	14.4	-90.3%
Free cash flow margin	0.1%	-0.0%	1.2%
Cash from investing	-44.0	-59.1	-67.5	n/a
Cash from financing	16.1	-4.1	-1.9	n/a
Share-based compensation	3.8	3.8	2.0	+92.2%
Buybacks	n/a	n/a	0.0	n/a
Diluted shares, weighted	100m	98m	98m	+1.3%
Shares outstanding at period end	99m	99m	98m	+1.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	817	807	1,187	-31.2%
Debt	506	489	474	+6.7%
Other liabilities	1,672	1,662	1,662	+0.6%
Total liabilities and equity	2,994	2,958	3,322	-9.9%
Fixed assets	773	756	807	-4.1%
Goodwill	476	476	783	-39.2%
Intangible assets	71.6	75.8	80.7	-11.2%
Cash and equivalents	74.2	59.0	55.2	+34.4%
Receivables	11.9	12.0	14.4	-17.4%
Other assets	1,588	1,580	1,583	+0.3%
Total assets	2,994	2,958	3,322	-9.9%

Questions

What was Grocery Outlet Holding's revenue in Q2 FY2026?

Grocery Outlet Holding (GO) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 4 July 2026, up 1.1% on the same quarter a year earlier.

How much did Grocery Outlet Holding earn in Q2 FY2026?

Net income for Q2 FY2026 was $6 million, up 13.4% on the year, and diluted earnings per share $0.06.

When did Grocery Outlet Holding report Q2 FY2026 results?

Grocery Outlet Holding filed its 10-Q for the quarter ended 4 July 2026 with the SEC on 12 August 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,004	990	1,037	1,129	1,108	1,098	1,126	1,180	1,168	1,215	1,166	1,193
Cost of revenue	688	691	733	779	763	774	783	819	813	854	821	832
Gross profit	316	299	304	349	345	324	342	361	355	361	345	361
Gross margin	31%	30%	29%	31%	31%	30%	30%	31%	30%	30%	30%	30%
SG&A	278	280	303	323	305	313	331	337	331	333	347	340
Operating income	37.6	18.9	0.6	26.1	40.3	11.4	-22.5	12.8	22.8	-235	-178	15.8
Operating margin	4%	2%	0%	2%	4%	1%	-2%	1%	2%	-19%	-15%	1%
Pre-tax income	33.3	17.5	-2.6	20.5	33.8	4.4	-29.0	6.2	16.1	-243	-184	9.2
Tax rate	19%	19%	n/a	32%	29%	47%	n/a	20%	28%	n/a	n/a	39%
Net income	27.1	14.1	-1.0	14.0	24.2	2.3	-23.3	5.0	11.6	-218	-180	5.6
Net margin	3%	1%	-0%	1%	2%	0%	-2%	0%	1%	-18%	-15%	0%
Diluted EPS	$0.27	$0.14	-$0.01	$0.14	$0.24	$0.03	-$0.24	$0.05	$0.12	-$2.22	-$1.83	$0.06
Operating cash flow	119	27.2	7.8	41.6	23.0	39.5	58.9	73.6	17.3	72.3	52.6	43.1
Capital expenditure	46.9	56.1	46.3	38.9	42.4	59.1	60.5	59.2	38.8	39.8	52.8	41.8
Free cash flow	72.2	-28.8	-38.4	2.7	-19.3	-19.6	-1.5	14.4	-21.6	32.5	-0.2	1.4
Buybacks	0.0	2.6	6.2	25.0	25.0	25.0	0.0	0.0	0.0	0.0	n/a	n/a
Dividends paid	0.0	0.0	n/a	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	99m	99m	100m	99m	99m	97m	98m	98m	98m	98m	99m	99m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 4 July 2026, filed 12 August 2026, accession 0001771515-26-000066: the filing on EDGAR. All of Grocery Outlet Holding Corp.'s filings: EDGAR company page.

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