Filing Flows › Grocery Outlet Holding (GO) › Q2 2026 › vs Q1 2026
Grocery Outlet Holding (GO) Q2 2026 vs Q1 2026 (quarter over quarter)
Grocery Outlet Holding's revenue rose $26.4M (+2%) from $1.2B in Q1 2026 to $1.2B in Q2 2026. The biggest changes: Perishable +$14.4M (+3%); Non-Perishable +$12.0M (+2%). Gross margin 30.2% against 29.6% (+0.6 pts).
Grocery Outlet Holding, Q2 2026: revenue $1.2B (+1% year over year), operating margin 1.3%, net earnings $5.6M, operating cash flow $43.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.2% | 29.6% | +0.6 pts |
| Operating margin | 1.3% | -15.3% | +16.6 pts |
| Net margin | 0.5% | -15.5% | +15.9 pts |
| Free cash flow margin | 0.1% | 0.0% | +0.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Non-Perishable | $737M | $725M | $12.0M | +2% |
| Perishable | $455M | $441M | $14.4M | +3% |
| Revenue | $1.2B | $1.2B | $26.4M | +2% |
| Gross profit | $361M | $345M | $15.5M | +4% |
| Cost of revenue | $832M | $821M | $10.9M | +1% |
| Operating profit | $15.8M | −$178M | $194M | — |
| Operating expenses | $345M | $523M | −$178M | -34% |
| Pre-tax earnings | $9.2M | −$184M | $194M | — |
| Other expense, net | $6.6M | $6.4M | $203K | +3% |
| SG&A | $340M | $347M | −$7.5M | -2% |
| Other operating costs | $5.4M | $176M | −$171M | -97% |
| Net earnings | $5.6M | −$180M | $186M | — |
| Income tax | $3.6M | −$4.1M | $7.6M | — |
| Depreciation | $26.0M | $24.9M | $1.1M | +5% |
| Share-based compensation | $3.8M | $3.8M | $13K | +0.3% |
| Working capital & other | $7.7M | $204M | −$196M | -96% |
| Operating cash flow | $43.1M | $52.6M | −$9.4M | -18% |
| Free cash flow (OCF − capex) | $1.4M | −$193K | $1.6M | — |
| Capital expenditures | $41.8M | $52.8M | −$11.0M | -21% |
Questions
How much did Grocery Outlet Holding's revenue grow quarter over quarter in Q2 2026?
Grocery Outlet Holding's revenue rose $26.4M (+2%) from $1.2B in Q1 2026 to $1.2B in Q2 2026.
What drove Grocery Outlet Holding's revenue change in Q2 2026?
Perishable +$14.4M (+3%); Non-Perishable +$12.0M (+2%).