Renaissance Capital logo

Grocery Outlet Holdings Priced, Nasdaq: GO

Operates a network of more than 300 independently run discount grocery stores.

Industry: Consumer Staples

First Day Return: +29.6%

We are a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Each of our stores offers a fun, treasure hunt shopping experience in an easy-to-navigate, small-box format. An ever-changing assortment of “WOW!” deals, complemented by everyday staple products, generates customer excitement and encourages frequent visits from bargain-minded shoppers. Our flexible buying model allows us to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. Entrepreneurial independent operators (“IOs”) run our stores and create a neighborhood feel through personalized customer service and a localized product offering. This differentiated approach has driven 15 consecutive years of positive comparable store sales growth.

Grocery Outlet Holdings (GO) Performance

Created with Highcharts 10.3.2Chart context menuGO vs. IPO Index (IPOUSA)Sep '19Jan '20May '20Sep '20Jan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '250%+ 100%-100%+ 200%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index