Filing Flows › Grocery Outlet Holding (GO) › Q2 2026 › vs Q2 2025
Grocery Outlet Holding (GO) Q2 2026 vs Q2 2025 (year over year)
Grocery Outlet Holding's revenue rose $13.0M (+1%) from $1.2B in Q2 2025 to $1.2B in Q2 2026. The biggest changes: Non-Perishable +$8.7M (+1%); Perishable +$4.3M (+1%). Gross margin 30.2% against 30.6% (-0.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.2% | 30.6% | -0.3 pts |
| Operating margin | 1.3% | 1.1% | +0.2 pts |
| Net margin | 0.5% | 0.4% | +0.1 pts |
| Free cash flow margin | 0.1% | 1.2% | -1.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Non-Perishable | $737M | $729M | $8.7M | +1% |
| Perishable | $455M | $451M | $4.3M | +1% |
| Revenue | $1.2B | $1.2B | $13.0M | +1% |
| Gross profit | $361M | $361M | $25K | 0% |
| Cost of revenue | $832M | $819M | $13.0M | +2% |
| Operating profit | $15.8M | $12.8M | $3.0M | +23% |
| Operating expenses | $345M | $348M | −$3.0M | -0.9% |
| Pre-tax earnings | $9.2M | $6.2M | $3.0M | +48% |
| Other expense, net | $6.6M | $6.5M | $28K | +0.4% |
| SG&A | $340M | $337M | $2.8M | +0.8% |
| Other operating costs | $5.4M | $11.2M | −$5.7M | -51% |
| Net earnings | $5.6M | $5.0M | $665K | +13% |
| Income tax | $3.6M | $1.3M | $2.3M | +182% |
| Depreciation | $26.0M | $25.9M | $191K | +0.7% |
| Share-based compensation | $3.8M | $2.0M | $1.8M | +92% |
| Working capital & other | $7.7M | $40.8M | −$33.1M | -81% |
| Operating cash flow | $43.1M | $73.6M | −$30.5M | -41% |
| Free cash flow (OCF − capex) | $1.4M | $14.4M | −$13.0M | -90% |
| Capital expenditures | $41.8M | $59.2M | −$17.5M | -29% |
Questions
How much did Grocery Outlet Holding's revenue grow year over year in Q2 2026?
Grocery Outlet Holding's revenue rose $13.0M (+1%) from $1.2B in Q2 2025 to $1.2B in Q2 2026.
What drove Grocery Outlet Holding's revenue change in Q2 2026?
Non-Perishable +$8.7M (+1%); Perishable +$4.3M (+1%).