Grocery Outlet Holding (GO) Q3 FY2026 earnings: revenue $1.2 billion, up 0.9% on the year

Grocery Outlet Holding Corp. (GO) reported revenue of $1.2 billion for Q3 FY2026, the quarter ended 3 October 2026, up 0.9% on the same quarter a year earlier. Net income was $13 million, up 14.5% on the year, and diluted earnings per share $0.13. The figures are the company's own, from the 10-Q it filed with the SEC on 10 November 2026.

Revenue

$1.2 billion

+0.9% on the year · -1.2% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

2.0%

2.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$13 million

+14.5% on the year · +136.2% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.13

+8.3% on the year · +116.7% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 3 narrowed, 3 kept.

Comparable sales returned to growth: Comparable store sales rose 0.5% after a 0.3% decline in the second quarter, and net sales rose 0.9% to $1.18 billion, helped by new stores.
Transactions drove the comparable gain: Transactions rose 2.4%, partly offset by a 1.9% fall in average transaction size, according to the company.
Quarterly gross margin fell 40 basis points: Gross margin was 30.0%. Management cited promotions, higher transportation expenses and lower produce demand, partly offset by a sales mix shift toward opportunistic products.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,178	1,193	1,168	-1.2%	+0.9%
Cost of revenue	825	832	813	-0.8%	+1.5%
Gross profit	353	361	355	-2.1%	-0.6%
Gross margin	30.0%	30.2%	30.4%
Selling, general and administrative	333	340	331	-2.1%	+0.5%
Operating income	24.0	15.8	22.8	+52.5%	+5.3%
Operating margin	2.0%	1.3%	2.0%
Pre-tax income	17.0	9.2	16.1	+84.9%	+5.4%
Income tax	3.7	3.6	4.5	+3.9%	-17.9%
Effective tax rate	21.8%	38.8%	28.0%
Net income	13.3	5.6	11.6	+136.2%	+14.5%
Net margin	1.1%	0.5%	1.0%
Diluted EPS	$0.13	$0.06	$0.12	+116.7%	+8.3%

$ 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

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	18.2	43.1	17.3	-57.9%	+5.2%
Capital expenditure	25.3	41.8	38.8	-39.5%	-35.0%
Free cash flow	-7.1	1.4	-21.6
Free cash flow margin	-0.6%	0.1%	-1.8%
Cash from investing	-29.0	-44.0	-46.4
Cash from financing	-3.5	16.1	26.1
Share-based compensation	3.6	3.8	-0.0	-3.5%
Buybacks	n/a	n/a	0.0
Dividends paid	n/a	n/a	0.0
Diluted shares, weighted	100m	100m	99m	+0.5%	+1.6%
Shares outstanding at period end	99m	99m	98m	+0.1%	+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

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	834	817	1,199	+2.1%	-30.4%
Debt	502	506	500	-0.7%	+0.3%
Other liabilities	1,647	1,672	1,670	-1.5%	-1.3%
Total liabilities and equity	2,983	2,994	3,369	-0.4%	-11.4%
Fixed assets	778	773	818	+0.6%	-4.9%
Goodwill	476	476	783	0.0%	-39.2%
Intangible assets	68.8	71.6	80.1	-3.9%	-14.1%
Cash and equivalents	59.8	74.2	52.1	-19.4%	+14.8%
Receivables	14.2	11.9	13.3	+19.4%	+6.2%
Other assets	1,587	1,588	1,622	-0.0%	-2.2%
Total assets	2,983	2,994	3,369	-0.4%	-11.4%

Questions

What was Grocery Outlet Holding's revenue in Q3 FY2026?

Grocery Outlet Holding (GO) reported revenue of $1.2 billion for Q3 FY2026, the quarter ended 3 October 2026, up 0.9% on the same quarter a year earlier.

How much did Grocery Outlet Holding earn in Q3 FY2026?

Net income for Q3 FY2026 was $13 million, up 14.5% on the year, and diluted earnings per share $0.13.

When did Grocery Outlet Holding report Q3 FY2026 results?

Grocery Outlet Holding filed its 10-Q for the quarter ended 3 October 2026 with the SEC on 10 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	783	831	898	918	931	965	1,010	1,004	990	1,037	1,129	1,108	1,098	1,126	1,180	1,168	1,215	1,166	1,193	1,178
Cost of revenue	541	581	618	638	650	665	684	688	691	733	779	763	774	783	819	813	854	821	832	825
Gross profit	242	251	279	281	281	301	327	316	299	304	349	345	324	342	361	355	361	345	361	353
Gross margin	31%	30%	31%	31%	30%	31%	32%	31%	30%	29%	31%	31%	30%	30%	31%	30%	30%	30%	30%	30%
SG&A	201	231	252	256	230	268	290	278	280	303	323	305	313	331	337	331	333	347	340	333
Operating income	15.4	19.4	26.9	24.7	24.0	32.8	36.5	37.6	18.9	0.6	26.1	40.3	11.4	-22.5	12.8	22.8	-235	-178	15.8	24.0
Operating margin	2%	2%	3%	3%	3%	3%	4%	4%	2%	0%	2%	4%	1%	-2%	1%	2%	-19%	-15%	1%	2%
Pre-tax income	11.6	15.7	21.8	19.9	18.4	21.6	31.7	33.3	17.5	-2.6	20.5	33.8	4.4	-29.0	6.2	16.1	-243	-184	9.2	17.0
Tax rate	43%	26%	8%	12%	13%	36%	23%	19%	19%	n/a	32%	29%	47%	n/a	20%	28%	n/a	n/a	39%	22%
Net income	6.6	11.6	20.1	17.5	15.9	13.7	24.5	27.1	14.1	-1.0	14.0	24.2	2.3	-23.3	5.0	11.6	-218	-180	5.6	13.3
Net margin	1%	1%	2%	2%	2%	1%	2%	3%	1%	-0%	1%	2%	0%	-2%	0%	1%	-18%	-15%	0%	1%
Diluted EPS	$0.07	$0.12	$0.20	$0.17	$0.16	$0.14	$0.24	$0.27	$0.14	-$0.01	$0.14	$0.24	$0.02	-$0.24	$0.05	$0.12	-$2.22	-$1.83	$0.06	$0.13
Operating cash flow	23.8	36.3	48.4	55.1	45.7	87.6	69.5	119	27.2	7.8	41.6	23.0	39.5	58.9	73.6	17.3	72.3	52.6	43.1	18.2
Capital expenditure	33.8	32.1	26.2	27.0	45.1	32.9	33.1	46.9	56.1	46.3	38.9	42.4	59.1	60.5	59.2	38.8	39.8	52.8	41.8	25.3
Free cash flow	-10.0	4.2	22.2	28.1	0.5	54.7	36.4	72.2	-28.8	-38.4	2.7	-19.3	-19.6	-1.5	14.4	-21.6	32.5	-0.2	1.4	-7.1
Buybacks	0.0	3.5	0.0	0.0	0.0	3.3	0.0	0.0	2.6	6.2	25.0	25.0	25.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a
Dividends paid	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a
Shares outstanding	96m	96m	97m	97m	98m	98m	99m	99m	99m	100m	99m	99m	97m	98m	98m	98m	98m	99m	99m	99m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	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 its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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.

10-Q for the period ended 3 October 2026, filed 10 November 2026: the filing.