| Market Capitalization (Millions $) |
1,866 |
| Shares
Outstanding (Millions) |
99 |
| Employees |
10,000 |
| Revenues (TTM) (Millions $) |
4,263 |
| Net Income (TTM) (Millions $) |
51 |
| Cash Flow (TTM) (Millions $) |
-87 |
| Capital Exp. (TTM) (Millions $) |
202 |
Grocery Outlet Holding Corp
Grocery Outlet Holding Corp is an American chain of discount supermarkets that specializes in the sale of surplus and closeout inventory from other retailers. The company was founded in San Francisco in 1946 as a small grocery store, but it has since expanded to over 300 locations in several states across the country.
The primary focus of the company is to sell fresh and packaged food items, including produce, meat, dairy, and bakery products at lower prices than traditional supermarkets. The company's buying team sources products from different retailers, manufacturers, and distributors that have overstock or discontinued items. This allows for the selling of bulk quantities of products at incredibly low prices, which means customers can often find deals on name-brand items that they would usually pay much more for at other stores.
In addition to food items, Grocery Outlet Holding Corp also carries health products, household items, pet food, and personal care products in its stores. The company also features a selection of organic and specialty goods, and it caters to customers who are looking for vegan, gluten-free, or other dietary restrictions.
Grocery Outlet Holding Corp has a unique business model when it comes to the management of its stores. Instead of owning all its stores, the company primarily works with independent operators. Once an operator has been approved by Grocery Outlet, they receive significant support like inventory, logistics, marketing, and other training tools from the company at large.
The success of Grocery Outlet Holding Corp lies in its ability to offer significant discounts on high-quality products. The company's buying team takes advantage of retail surplus and passing that along to the consumers. The company has invested heavily over the years to ensure that its stores are well-stocked and well-organized, allowing customers to find what they need quickly.
Overall, Grocery Outlet Holding Corp is a fascinating company that has been able to become a wildly successful discount retail chain across the US by providing great deals and serving unique niches in the shopping landscape.
Company Address: 5650 Hollis Street Emeryville 94608 CA
Company Phone Number: 845-1999 Stock Exchange / Ticker: NASDAQ GO
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