Why Is Grocery Outlet (GO) Up 2.6% Since Last Earnings Report?
Grocery Outlet (GO) reported Q2 2026 earnings that beat consensus estimates with adjusted EPS of 20 cents vs. 12 cents expected and net sales of $1,192.8 million exceeding the $1,167 million forecast. The company raised its fiscal 2026 guidance for net sales, comparable-store sales, gross margin, adjusted EBITDA, and adjusted EPS. However, adjusted EPS declined year-over-year, gross margins contracted, and comparable-store sales remained negative at -0.3%. Despite the positive earnings surprise and raised guidance, estimates have trended downward in the past month with a consensus shift of -19.33%, and the stock received a Zacks Rank #3 (Hold) rating.