Company announced this week underperforming stores will close this year
Emeryville-based Grocery Outlet announced this week that they plan to close 36 of their 536 stores across the United States this year, including nine in California. However, it was learned Friday, that the Antioch store is not on the list. In addition, according to a news report about a list from a commercial real estate company that has locations for lease, the other five stores in Contra Costa County are also not on the list of closures. Those include stores in Brentwood, Oakley, Pinole, Richmond and San Pablo.
Included in the Grocery Outlet Holding Corp.’s Fourth Quarter and Fiscal 2025 Financial Results, the Company announced on Tuesday, March 4, 2026, “a business optimization plan (the ‘Optimization Plan’) to improve operational execution, strengthen long-term profitability and increase cash flow generation.”
Net sales for the year increased by 7.3% to $4.69 billion, gross profit increased 7.4% versus 2024 to $1.42 billion and gross margin was 30.3% compared to 30.2% in 2024. But the company’s operating loss was $221.7 million and net loss was $224.9 million compared to net income of $39.5 million, in 2024. Adjusted net income was $75.2 million compared to $76.3 million the previous year…