Grocery Outlet Holding Corp (OQ:GO)
Business Focus: Food Retail & Distribution
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5650 Hollis St EMERYVILLE CA 94608-2597 |
| Tel: | N/A |
| Website: | https://groceryoutlet.com |
| IR: | See website |
| Key People | ||
| Eric J. Lindberg Chairman of the Board | Robert Joseph Sheedy President, Chief Executive Officer, Director | Lindsay Gray Interim Chief Financial Officer, Senior Vice President - Accounting |
| Ramesh Chikkala Executive Vice President and Chief Operations Officer | Andrea R. Bortner Chief Human Resource Officer, Executive Vice President | Pamela B. Burke Executive Vice President, Chief Stores Officer |
| Steven K. Wilson Executive Vice President, Chief Purchasing Officer | Luke D. Thompson Senior Vice President, General Counsel, Company Secretary | Calvin Chung Senior Vice President, Chief Store Development Officer |
| Business Overview |
| Grocery Outlet Holding Corp. is a retailer of name-brand consumables and fresh products sold through a network of independently operated stores. The Company operates over 470 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, Maryland, New Jersey and Ohio. Its product offering includes staples, across grocery, refrigerated and frozen foods, beer and wine, fresh meat and seafood, and health and beauty care, others. It distributes inventory through eight primary distribution centers, three of which it operates and five of which are operated by third parties. It has an in-house transportation fleet, as well as transportation partner relationships. It also owns United Grocery Outlet, a closeout grocery retailer with over 40 stores in Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia. It is focused on centralized marketing efforts primarily on digital ads, emailed WOW! Alerts, social media and radio commercials, and in-store and outdoor signage. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, Grocery Outlet Holding Corp revenues increased 11% to $3.97B. Net income increased 22% to $79.4M. Revenues reflect Non-perishable segment increase of 11% to $2.56B, Retail Sales - Non-Perishable increase of 11% to $2.56B. Net income benefited from Merchandise Margins - Total - % increase of 3% to 31.3%, Interest income increase from $3.4M to $7.6M (income). |
| Employees: | 901 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,854M as of Dec 30, 2023 |
| Annual revenue (TTM): | $3,969M as of Dec 30, 2023 |
| EBITDA (TTM): | $221.53M as of Dec 30, 2023 |
| Net annual income (TTM): | $79.44M as of Dec 30, 2023 |
| Free cash flow (TTM): | $134.44M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | $177.75M as of Dec 30, 2023 |
| Shares outstanding: | 99,227,528 as of Feb 22, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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