For Q3, Grocery Outlet's gross margin decreased by 30 basis points to 31.1%. Selling, general and administrative expenses increased by 9.5% to $304.6 million, or 27.5% of net sales. Net income dropped ...
As a percentage of net sales, SG&A expenses decreased 20 basis points to 27.5%. In the quarter, Grocery Outlet expanded its footprint with the opening of five new stores, bringing the total to 529 ...