Grocery Outlet announces leadership appointments for CFO and CPO
Paul Miller rejoins as Chief Purchasing and Merchandising Officer, and Ian Ferry is promoted to CFO, effective June 9.
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Discount supermarket chain
groceryoutlet.comLast updated
In short: Grocery Outlet appointed new top executives and reaffirmed its 2026 financial guidance despite a $180.3 million net loss in the first quarter.
Paul Miller rejoins as Chief Purchasing and Merchandising Officer, and Ian Ferry is promoted to CFO, effective June 9.
Net sales increased 3.6% to $1.17 billion, with comparable store sales declining 1.0% and net loss of $180.3 million.
Frances Allen and Felicia Thornton join the Board effective April 1, 2026, bringing extensive retail and grocery expertise.
Net sales rose 10.7% to $1.22B in Q4 and 7.3% to $4.69B for the year, but reported net losses and impairments. Announces Optimization Plan to close 36 stores.
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