Grocery Outlet reaches milestone: 1st quarter to hit $1B in net sales

The fast-growing West Coast discounter's net sales increased by 12.5% to $1.01 billion. The grocer raised its fiscal 2023 outlook and is now predicting same-store sales to jump 7% to 8%, up from 5% to 6%.


Fast-growing Aldi opens new store in Florida with 2 more planned next month

The location is the discount grocer's first store in Parrish. Orlando and Orange City stores are set to open Aug. 10.

The rapidly growing newcomer aims to be available nationwide by the end of the year.

The discount grocer's rival Lidl US is also planning store growth in New York despite recent store closures in other states.

Grocery stores in the Carolinas, Virginia, New Jersey, Maryland and Pennsylvania—some open less than two years—were shuttered due to underperformance.

The discount grocer's new 33,000-square-foot location will be at 1730 Bedford Avenue.

The discount grocer's 27,000-square-foot location in Columbia Heights opened its doors on Wednesday.

The discounter, which moved away from its $1 prices last year, told investors it sees boundless opportunity in expanding to multiple price points, with a huge untapped market in selling food and beverage items from $2 to $5.

Locations in New York, Florida and California will bring the discount grocer closer to its goal of adding 120 new stores this year.

VP of national buying reports beefed-up summer savings with grilling season now under way.

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