Grocery Outlet Resets Growth Strategy Under New CEO
Grocery Outlet (NASDAQ: GO) held its fourth-quarter 2024 earnings call on February 25, 2025, introducing new leadership and outlining strategic shifts to improve execution and profitability. The stock was down as much as 30% following earnings. The company reported comparable-tore sales growth of 2.9% while announcing plans to moderate store expansion and optimize operations.
The company has assembled a new executive team to address operational challenges. Jason Potter joins as CEO with over 30 years of grocery experience, including franchise model expertise. Chris Miller becomes CFO with 40 years of finance experience, and Kumar Mishra joins as CIO with 25 years of IT leadership and SAP implementation expertise.
I was attracted to this business because the Grocery Outlet team has, over many decades, developed this differentiated concept, creating an incredible customer experience that generates that feeling of the thrill of the treasure hunt.
Source Fool.com
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