Filing Flows › Grocery Outlet Holding (GO) › Q1 2026
Grocery Outlet Holding (GO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Grocery Outlet Holding (GO) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -4% from the quarter before. Operating margin was -15.3%, net loss $180M (15.5% of revenue).
Grocery Outlet Holding, Q1 2026: revenue $1.2B (+4% year over year), operating margin -15.3%, net loss $180M, operating cash flow $52.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -4% | +4% |
| Operating profit | −$178M | — | — |
| Net earnings | −$180M | — | — |
| Operating cash flow | $52.6M | -27% | -11% |
What changed
Revenue was $1.2B in Q1 2026, up 4% year over year and down 4% from the previous quarter. Non-Perishable was the largest line at 62% of revenue. Non-Perishable added $0.03B year over year (up 4%), 75% of the total change.
Gross margin was 29.6%, down 0.8 points from Q1 2025. Operating costs exceeded revenue by $0.18B, an operating margin of -15.3%. Operating expenses grew 43% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+420%). The quarter ended with a net loss of $0.18B, narrower than the previous quarter's $0.22B loss.
Operating cash flow was $0.05B (down 11% year over year). Non-cash charges added back $0.02B of depreciation and $3.8M of share-based compensation. Working capital and other items added $0.20B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$193K.
Questions
What was Grocery Outlet Holding's revenue in the first quarter 2026?
Grocery Outlet Holding (GO) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -4% from the quarter before.
Was Grocery Outlet Holding profitable in the first quarter 2026?
Operating loss was $178M (-15.3% of revenue) and net loss $180M.