Grocery Outlet Shares Fall to All-Time Low on Restructuring Plans

Dow Jones

Feb 27, 2025

By Sabela Ojea

Shares of Grocery Outlet on Wednesday dropped to a new all-time low after the retailer said it started restructuring its operations in the fourth quarter.

The stock was down 28% to $11.27 in post-market trading, which would be the largest percent decrease on record. Shares are down 28% year to date, and have dropped 57% over the past 12 months.

The value grocery chain said its restructuring plan, set to be substantially completed by the first half of 2025, includes terminating leases, cancelling some costly warehouse projects and cutting its workforce.

The company expects to book total costs between $52 million to $61 million, of which $36 million to $45 million are estimated to be in cash, as a result of the plan.

Grocery Outlet's cost-cutting plan came after its fourth-quarter adjusted earnings and adjusted earnings outlook for 2025 missed Wall Street expectations.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

February 26, 2025 13:45 ET (18:45 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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