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EMERYVILLE, Calif. - Grocery Outlet Holding Corp. (NASDAQ:GO), a $1.82 billion market cap value retailer showing strong momentum with a 69% price return over the past six months, announced Tuesday the appointment of Frank Kerr as Executive Vice President and Chief Store Operations Officer, effective September 15, 2025.
Kerr joins the extreme value retailer with more than a decade of leadership experience in grocery retail. He previously served as Senior Vice President of Operations and Chief Customer Officer at Lidl US, where he oversaw the company’s U.S. expansion. Prior to that, he was Vice President of Retail Operations at Save A Lot, managing operational performance across more than 900 retail partner licensed grocery stores.
In his new role, Kerr will lead store operations for Grocery Outlet, which operates more than 550 independently run stores across 16 states including California, Washington, Pennsylvania, and Virginia.
"Frank brings operational expertise across a multitude of functional areas, including store operations, marketing, strategy, and market expansion, to support our independent operators," said Jason Potter, President and CEO of Grocery Outlet, according to the company’s press release.
Kerr expressed enthusiasm about joining the company, stating he looks forward to "partnering with our team and our independent operators to bring that mission to life every day through strong execution in stores."
Grocery Outlet, headquartered in Emeryville, California, specializes in selling name-brand consumables and fresh products at discounted prices through its network of independently operated stores.
In other recent news, Grocery Outlet Holding reported its second-quarter 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share of $0.23, compared to the forecast of $0.17. However, the company’s revenue slightly missed projections, coming in at $1.18 billion against the anticipated $1.19 billion. UBS raised its price target for Grocery Outlet to $18.00 from $17.00, citing positive traction in the company’s turnaround efforts, particularly in same-store sales, adjusted EBITDA, and adjusted earnings per share. Meanwhile, DA Davidson lowered its price target to $16.00 from $17.00, despite acknowledging progress in various initiatives and improved systems. Morgan Stanley upgraded Grocery Outlet from Underweight to Equalweight, raising its price target to $16.00, as they noted a balanced risk/reward profile and operational improvements. These developments reflect a mixed sentiment among analysts regarding the company’s recent performance and future outlook.
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