Filing Flows › Grocery Outlet Holding (GO) › Q3 2025
Grocery Outlet Holding (GO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Grocery Outlet Holding (GO) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +5% from a year earlier and -1% from the quarter before. Operating margin was 2.0%, net earnings $11.6M (1.0% of revenue).
Grocery Outlet Holding, Q3 2025: revenue $1.2B (+5% year over year), operating margin 2.0%, net earnings $11.6M, operating cash flow $17.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -1% | +5% |
| Gross profit | $355M | -2% | +3% |
| Operating profit | $22.8M | +79% | -43% |
| Net earnings | $11.6M | +134% | -52% |
| Operating cash flow | $17.3M | -77% | -25% |
What changed
Revenue was $1.2B in Q3 2025, up 5% year over year and down 1% from the previous quarter. Non-Perishable was the largest line at 62% of revenue. Non-Perishable added $0.03B year over year (up 4%), 52% of the total change.
Gross margin was 30.4%, down 0.7 points from a year earlier. Operating profit was $0.02B, a 2.0% margin (down 1.7 points year over year). Operating profit fell $0.02B even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 5%. Net earnings were $0.01B, down 52% year over year. The effective tax rate was 28.0%.
Operating cash flow was $0.02B (down 25% year over year), 149% of net earnings. Non-cash charges added back $0.03B of depreciation. Working capital and other items used $0.02B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Grocery Outlet Holding's revenue in the third quarter 2025?
Grocery Outlet Holding (GO) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +5% from a year earlier and -1% from the quarter before.
Was Grocery Outlet Holding profitable in the third quarter 2025?
Operating profit was $22.8M (2.0% of revenue) and net earnings $11.6M.