Grocery Outlet Holding Appoints New Executive Vice President and Chief Store Operations Officer

Grocery Outlet Holding Corp. (NASDAQ:GO) is one of the 10 Best Grocery Stocks to Buy According to Hedge Funds. On August 26, Grocery Outlet Holding Corp. (NASDAQ:GO) announced the appointment of Frank Kerr as the Executive Vice President and Chief Store Operations Officer of the company.

Kerr is set to take the executive role on September 15, 2025. Kerr hails from extensive leadership experience in the grocery retail space and has a strong track record of driving growth, efficiency, and profitability across large stores.

“Frank brings operational expertise across a multitude of functional areas, including store operations, marketing, strategy, and market expansion, to support our independent operators to drive execution and store performance in our next chapter of profitable growth. We look forward to welcoming Frank to our team,” said Jason Potter, President and CEO of Grocery Outlet.

On average, Wall Street analysts have given Grocery Outlet Holding. (NASDAQ:GO) Hold rating, with an average downside of 11%, as of August 27. Over the last month, GO shares have soared over 30% driven by robust Q2 FY2025 results. For the third quarter, the company reaffirmed its guidance, expecting comp sales growth of 1.5% to 2%, gross margin of 30% to 30.5%, and adjusted EPS of $0.17 to $0.19. Grocery Outlet’s earnings are anticipated to be in line with analysts’ estimates, and the company attributes improved EPS guidance to lower expected interest expense. On August 7, Michael Lasser from UBS reiterated a Hold rating on GO, increasing the price target from $17 to $18.

Grocery Outlet Holding Corp. (NASDAQ:GO) is a renowned retailer of name-branded consumables and fresh products sold via a network of independently operated stores.

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Disclosure: None. This article is originally published at Insider Monkey.