"Grocery Outlet reported a $225 million net loss in fiscal 2025, a dramatic reversal from the prior year's $39-million profit, indicating significant financial challenges."
"The company is closing 36 underperforming stores nationwide, including nine in California, as part of a strategy to remedy overexpansion and focus on high-performing locations."
"Grocery Outlet still plans to open more than 30 stores in 2026, aiming to build clusters around its successful locations despite the recent financial setbacks."
Grocery Outlet is closing 36 underperforming stores across the U.S., including nine in California, due to overexpansion. The company reported a significant net loss of $225 million for fiscal 2025, a stark contrast to the previous year's profit of $39 million. The closures include stores in Southern and Central California, while the company plans to open over 30 new stores in 2026. Grocery Outlet aims to focus on high-performing locations to improve its financial outlook.
Read at Los Angeles Times
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