- Adjusted EBITDA was $67.7 million, slightly down from $67.9 million last year, with an adjusted EBITDA margin of 5.7%, up 110 basis points from Q1 2025 but down 30 basis points year-over-year.
- Capital expenditures totaled $58.3 million, focused on new stores, supply chain projects, IT, and maintenance.
- Grocery Outlet reported net sales of $1.18 billion in Q2 2025, a 4.5% increase year-over-year, driven by new store openings and a 1.1% comp store sales growth.
- Gross margin was 30.6%, exceeding the high end of guidance despite a 30 basis point decline from last year, supported by improved inventory management.
- Net cash provided by operating activities for the first half of 2025 was $132.6 million, significantly higher than $49.4 million in the prior year.
- Net income was $5 million or $0.05 per diluted share, down from $14 million or $0.14 per share last year, while adjusted net income decreased 9.3% to $22.8 million or $0.23 per adjusted diluted share.
- SG&A expenses increased 4.2% but leveraged 10 basis points as a percentage of net sales due to reduced commission support and cost discipline.
- Total debt was $474 million with net leverage at 1.7x adjusted EBITDA.
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Dafinchi