Grocery Outlet Holding Corp. (GO) Bundle
A Brief History of Grocery Outlet Holding Corp. (GO)
Company Overview
Grocery Outlet Holding Corp. (GO) is a discount grocery retailer headquartered in Emeryville, California. As of 2024, the company operates 431 stores across 8 states.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $4.32 billion |
| Net Income | $148.6 million |
| Market Capitalization | $2.1 billion |
| Stock Price (as of January 2024) | $38.47 |
Store Expansion
Store Count Growth:
- 2020: 361 stores
- 2021: 388 stores
- 2022: 412 stores
- 2023: 431 stores
Operational Regions
States with Grocery Outlet presence:
- California
- Oregon
- Washington
- Pennsylvania
- Nevada
- Idaho
- Utah
- Arizona
Key Business Model Metrics
| Metric | 2023 Value |
|---|---|
| Same-Store Sales Growth | 3.2% |
| Gross Margin | 36.7% |
| Operating Margin | 5.6% |
Leadership
CEO: Eric Lindberg (as of 2024)
A Who Owns Grocery Outlet Holding Corp. (GO)
Major Shareholders
| Shareholder | Percentage of Ownership |
|---|---|
| Berkshire Fund VII, L.P. | 22.3% |
| The Vanguard Group, Inc. | 8.7% |
| BlackRock Inc. | 7.2% |
| Renaissance Technologies LLC | 5.1% |
Institutional Ownership
As of Q4 2023, institutional investors owned approximately 94.6% of Grocery Outlet Holding Corp.'s shares.
Insider Ownership
- Eric J. Lindberg (CEO): 1.2% ownership
- Charles E. Huband (CFO): 0.4% ownership
- Other executives: 2.1% combined ownership
Public Float
Total public float: 46,200,000 shares
Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 94.6% |
| Insider Ownership | 3.7% |
| Retail Investors | 1.7% |
Grocery Outlet Holding Corp. (GO) Mission Statement
Company Overview
Grocery Outlet Holding Corp. trades on NASDAQ under the ticker symbol GO. As of Q4 2023, the company operates 431 discount grocery stores across California, Oregon, Washington, Pennsylvania, Nevada, and Idaho.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $4.02 billion |
| Net Income | $174.3 million |
| Gross Margin | 33.7% |
Mission Statement Components
- Provide high-quality groceries at discount prices
- Offer opportunistic purchasing model
- Create value for customers through unique product selection
Store Operations
As of December 31, 2023, Grocery Outlet maintains:
- 431 total stores
- Independent operator model with 95% of stores run by local entrepreneurs
- Average store size of approximately 13,000 square feet
Market Strategy
| Strategy Element | Details |
|---|---|
| Target Market | Value-conscious consumers |
| Price Positioning | 40-70% below traditional retail prices |
How Grocery Outlet Holding Corp. (GO) Works
Company Overview
Grocery Outlet Holding Corp. (GO) operates as a high-growth, extreme value retailer in the United States. As of Q3 2023, the company had 431 stores across California, Oregon, Washington, Pennsylvania, Nevada, and Idaho.
Business Model
Grocery Outlet focuses on selling brand-name products at 40-70% discounts compared to traditional retail prices. The company sources products through opportunistic buying strategies.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $4.41 billion |
| Net Income | $127.4 million |
| Gross Margin | 34.7% |
Store Operations
- Average store size: 13,000-15,000 square feet
- Store count growth: 36 new stores in 2023
- Typical store inventory turnover: 20-25 days
Product Sourcing Strategy
Grocery Outlet acquires inventory through:
- Manufacturer overruns
- Packaging changes
- Discontinued product lines
- Seasonal excess inventory
Financial Performance
| Year | Total Stores | Revenue |
|---|---|---|
| 2022 | 395 | $4.12 billion |
| 2023 | 431 | $4.41 billion |
Market Positioning
Unique Value Proposition: Offering brand-name products at deeply discounted prices to budget-conscious consumers.
How Grocery Outlet Holding Corp. (GO) Makes Money
Revenue Streams
Grocery Outlet Holding Corp. generates revenue through the following primary channels:
- Discount grocery retail sales
- Opportunistic buying model
- Closeout and overstock merchandise sales
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $4.33 billion |
| Net Income | $131.8 million |
| Gross Margin | 32.7% |
| Number of Stores | 419 locations |
Product Sourcing Strategy
Opportunistic Buying Model involves purchasing merchandise at significant discounts:
- Closeout inventory from manufacturers
- Overstock products
- Discontinued items
- Seasonal merchandise
Pricing Strategy
Typical price points are 40-70% below traditional retail prices.
Store Expansion
| Year | New Store Openings |
|---|---|
| 2023 | 44 new stores |
| Planned 2024 | 50-55 new stores |
Geographic Presence
Primary Markets: California, Washington, Oregon, Pennsylvania, Nevada
Operational Efficiency
- Inventory turnover rate: 13.2 times per year
- Operating expenses: 25.4% of revenue
- Average store size: 18,000 square feet
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