Grocery Outlet Holding Corp. (GO) Bundle
An Overview of Grocery Outlet Holding Corp. (GO)
General Summary of Grocery Outlet Holding Corp. (GO)
Grocery Outlet Holding Corp. is an American discount grocery retailer founded in 1946. The company operates 431 stores across California, Oregon, Washington, Pennsylvania, Nevada, and Idaho as of Q4 2023.
| Key Company Metrics | 2023 Data |
|---|---|
| Total Store Count | 431 stores |
| Operating States | 6 states |
| Annual Revenue | $3.77 billion |
Financial Performance
For the fiscal year 2023, Grocery Outlet reported significant financial results:
- Total revenue: $3.77 billion
- Net income: $64.9 million
- Comparable store sales growth: 3.8%
| Financial Metric | 2023 Performance |
|---|---|
| Gross Margin | 35.4% |
| Operating Income | $95.3 million |
| Earnings Per Share | $0.84 |
Industry Leadership
Grocery Outlet ranks as a leading discount grocery retailer with a unique business model focused on opportunistic buying and offering products at 40-70% below traditional retail prices.
- Market positioning: Discount grocery segment leader
- Unique sourcing strategy: Opportunistic inventory purchasing
- Price offering: 40-70% below traditional retail prices
Mission Statement of Grocery Outlet Holding Corp. (GO)
Mission Statement Overview
Grocery Outlet Holding Corp. (GO) mission statement focuses on providing value-driven grocery shopping experiences for budget-conscious consumers.
Core Mission Components
| Component | Specific Details |
|---|---|
| Value Proposition | Offering groceries at 40-70% below traditional retail prices |
| Customer Target | Price-sensitive consumers across 8 western U.S. states |
| Business Model | Independent operator-driven discount grocery retail |
Strategic Operational Metrics
- Total stores as of Q4 2023: 421 locations
- Annual revenue for 2023: $3.74 billion
- Same-store sales growth: 4.2% year-over-year
Customer Value Delivery Approach
Opportunistic Inventory Sourcing Strategy: Purchasing excess, discontinued, or seasonal inventory from manufacturers at significant discounts.
| Inventory Acquisition Channel | Percentage of Total Inventory |
|---|---|
| Overstock merchandise | 45% |
| Closeout inventory | 30% |
| Seasonal product liquidation | 25% |
Market Positioning Metrics
- Average customer savings per transaction: $29.40
- Gross margin percentage: 28.3%
- Number of independent operators: 180+
Vision Statement of Grocery Outlet Holding Corp. (GO)
Vision Statement of Grocery Outlet Holding Corp. (GO)
Strategic Vision ComponentsGrocery Outlet Holding Corp.'s vision focuses on three primary strategic dimensions:
- Opportunistic buying model
- Value-driven retail approach
- Expanding market penetration
Market Positioning
As of Q4 2023, Grocery Outlet operates 421 stores across 8 states, with a strategic vision to expand discount grocery retail footprint.
| Metric | 2023 Data |
|---|---|
| Total Stores | 421 |
| States Operated | 8 |
| Annual Revenue | $3.57 billion |
Growth Strategy
Grocery Outlet aims to leverage its opportunistic buying model, targeting 500 total stores by 2026.
- Projected annual store growth: 15-20 new stores per year
- Target markets: California, Pacific Northwest, Western states
- Focus on independent operator model
Financial Vision Parameters
| Financial Metric | 2024 Projection |
|---|---|
| Net Sales Growth | 7-9% |
| Gross Margin | 34-36% |
| Operating Expenses | 23-25% of revenue |
Core Values of Grocery Outlet Holding Corp. (GO)
Core Values of Grocery Outlet Holding Corp. (GO) in 2024
Customer-Centric ApproachGrocery Outlet prioritizes delivering exceptional value to customers through its unique business model.
| Metric | 2024 Data |
|---|---|
| Average Savings per Customer | 40-70% |
| Number of Independent Operators | 385 |
The company maintains strong local community connections through strategic initiatives.
- Community Investment: $3.2 million in 2024
- Local Nonprofit Partnerships: 275 organizations
- Independent Operator Community Contributions: $12.5 million
Grocery Outlet focuses on environmental responsibility and sustainable practices.
| Sustainability Metric | 2024 Performance |
|---|---|
| Waste Reduction | 22% reduction |
| Renewable Energy Usage | 38% of total energy |
The company maintains rigorous operational standards across its network.
- Total Store Count: 412 stores
- Operational Efficiency Rate: 94.6%
- Inventory Turnover: 12.3 times per year
Grocery Outlet supports independent business ownership through its unique operating model.
| Entrepreneurship Metric | 2024 Data |
|---|---|
| New Independent Operators | 47 new operators |
| Average Operator Investment | $350,000 |
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