Grocery Outlet Holding Corp.: Development and Enhancement of Private Label Products Could Be A Critical Growth Catalyst! 

Grocery Outlet reported its fiscal second quarter results, ending June 29, 2024, with overall positive outcomes tempered by some operational and competitive challenges. Net sales for the quarter saw a 12% rise year-over year, reaching $1.13 billion, driven by a notable 2.9% increase in comparable store sales and contributions from new store openings. The company opened 10 net new stores, bringing its total to 524, and successfully integrated the 40 stores acquired from United Grocery Outlet.