M&A - Grocery Outlet Holding Corp.

Form Type: 10-K

Filing Date: 2025-02-26

Corporate Action: Acquisition

Type: New

Accession Number: 000177151525000017

Filing Summary: Grocery Outlet Holding Corp. reported its acquisition of The Bargain Barn, Inc., doing business as United Grocery Outlet, on April 1, 2024. This acquisition included 40 stores across Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia, along with a company-operated distribution center, marking a significant expansion of the company's footprint in new markets. The acquisition is intended to enhance Grocery Outlet's scalability and pave the way for future expansion in the Southeastern United States. The company emphasizes its unique business model, combining independent operators (IOs) with a centralized purchasing strategy, alleviating some market pressures and fostering long-term growth. As of December 28, 2024, Grocery Outlet operated a total of 533 stores, reflecting its stable growth trajectory, characterized by a consistent increase in comparable store sales over 20 years, except during 2021. The company also continues to adapt to consumer preferences with an ever-evolving product assortment that promotes customer loyalty and a fun shopping environment.