Grocery Outlet extends losses in Q1 2026

Grocery Outlet Q1 net sales rose 3.6% YoY to USD1.17 billion, driven by new outlets, while LFL sales fell 1% as average transaction size declined 3.1%. The retailer reported a net loss of USD180.3 million, compared with USD23.3 million a year earlier. EBITDA fell to USD43.1 million from USD51.9 million. CEO Jason Potter said results met guidance and LFL trends improved sequentially. Grocery Outlet ended Q1 with 549 outlets after opening seven and closing 28. (Grocery Outlet)