Grocery Outlet Holding Corp. Files 8-K

TL;DR

GO stock filing: 8-K dropped Nov 5, 2024, covering financials and other events.

AI Summary

Grocery Outlet Holding Corp. filed an 8-K on November 5, 2024, reporting on its results of operations and financial condition, as well as other events. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in Emeryville, California.

Why It Matters

This 8-K filing provides investors with crucial updates on Grocery Outlet's financial performance and significant corporate events, impacting their investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of financial information and corporate events, not indicating any immediate or significant risks.

Key Players & Entities

• Grocery Outlet Holding Corp. (company) — Registrant
• November 5, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• Emeryville, California (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ich registered Common stock, par value $0.001 per share GO Nasdaq Global Select Marke
• $100.0 million — mpany is authorized to repurchase up to $100.0 million in shares of the Company's common stock
• $9.4 million — se program adopted in 2021, under which $9.4 million remained available for repurchase. The

Filing Documents

• go-20241105.htm (8-K) — 32KB
• a2024q3exhibit991.htm (EX-99.1) — 256KB
• go-20241105_g1.jpg (GRAPHIC) — 17KB
• go.jpg (GRAPHIC) — 176KB
• 0001771515-24-000148.txt ( ) — 718KB
• go-20241105.xsd (EX-101.SCH) — 2KB
• go-20241105_lab.xml (EX-101.LAB) — 21KB
• go-20241105_pre.xml (EX-101.PRE) — 12KB
• go-20241105_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On November 5, 2024, Grocery Outlet Holding Corp. (the "Company") announced its financial results for the fiscal quarter ended September 28, 2024. The full text of the press release issued by the Company is furnished as Exhibit 99.1 to this report. The information in Item 2.02 of this current report on Form 8-K (including Exhibit 99.1 furnished herewith) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01 Other Events

Item 8.01 Other Events. On November 5, 2024, the Company announced that its board of directors (the "Board") approved a new share repurchase program (the "2024 Share Repurchase Program"), pursuant to which the Company is authorized to repurchase up to $100.0 million in shares of the Company's common stock, inclusive of fees and commissions. The 2024 Share Repurchase Program replaces the Company's previous share repurchase program adopted in 2021, under which $9.4 million remained available for repurchase. The 2024 Share Repurchase Program is effective immediately and does not have an expiration date. Repurchases under the 2024 Share Repurchase Program may be made, from time to time, in amounts and at prices the Company deems appropriate and may be made utilizing a variety of methods, including pursuant to open market repurchases, accelerated equity repurchase programs, privately negotiated transactions, block trades and pursuant to a trading plan intended to qualify under Rule 10b5-1 of the Exchange Act (which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under securities laws). Repurchases by the Company under the 2024 Share Repurchase Program will be subject to general market and economic conditions, applicable legal requirements, debt covenants and other considerations. The 2024 Share Repurchase Program does not require that the Company repurchase any specific dollar value or number of shares and may be suspended, modified or discontinued by the Board at any time without prior notice at the Company's discretion.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release, dated November 5, 2024, entitled "Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2024 Financial Results." 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Grocery Outlet Holding Corp. Date: November 5, 2024 By: /s/ Lindsay E. Gray Name: Lindsay E. Gray Title: Interim Chief Financial Officer and Senior Vice President, Accounting

View Full Filing

View this 8-K filing on SEC EDGAR