Grocery Outlet appoints Frank Kerr as EVP and Chief Store Operations Officer, effective September 15, 2025.
Quiver AI Summary
Grocery Outlet Holding Corp. has appointed Frank Kerr as Executive Vice President and Chief Store Operations Officer, effective September 15, 2025. Kerr brings over a decade of leadership experience in grocery retail, previously serving as Senior Vice President of Operations and Chief Customer Officer at Lidl US, where he played a key role in expanding the company in the U.S. and achieving market share gains. He also worked at Save A Lot, improving operational performance across a large network of stores. Grocery Outlet's CEO, Jason Potter, highlighted Kerr's expertise in various operational areas as a significant asset for the company’s growth strategy. Kerr expressed his excitement about joining Grocery Outlet and contributing to its mission of providing exceptional value to customers while enhancing store performance and profitability.
Potential Positives
- Appointment of Frank Kerr as Executive Vice President, Chief Store Operations Officer, brings over a decade of grocery retail leadership experience and a strong track record of driving growth and profitability.
- Kerr's prior experience with Lidl US and Save A Lot indicates an ability to successfully lead and optimize large store operations.
- The announcement highlights Grocery Outlet's commitment to operational excellence and sustainable growth, aligning with its mission of delivering exceptional value to customers.
Potential Negatives
- The announcement of a new executive appointment may highlight a leadership vacuum or prior operational issues that necessitated such a change, potentially raising concerns about the company's internal management stability.
- The mention of "forward-looking statements" indicates that the company anticipates risks and uncertainties ahead, suggesting potential challenges that could affect future performance.
- Mr. Kerr's previous role with Lidl US involved overseeing its expansion into the U.S., which may lead to concerns about Grocery Outlet's ability to maintain competitive growth against established retailers.
FAQ
Who has been appointed as Chief Store Operations Officer at Grocery Outlet?
Frank Kerr has been appointed as Executive Vice President, Chief Store Operations Officer effective September 15, 2025.
What experience does Frank Kerr bring to Grocery Outlet?
Frank Kerr has over a decade of leadership experience in grocery retail, focusing on growth, efficiency, and profitability.
Where was Frank Kerr employed before joining Grocery Outlet?
Frank Kerr was previously Senior Vice President, Operations, and Chief Customer Officer at Lidl US.
How many stores does Grocery Outlet operate?
Grocery Outlet operates more than 550 stores across various states in the U.S.
What is Grocery Outlet's primary business focus?
Grocery Outlet focuses on offering quality, name-brand consumables and fresh products at extreme value prices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GO Insider Trading Activity
$GO insiders have traded $GO stock on the open market 25 times in the past 6 months. Of those trades, 6 have been purchases and 19 have been sales.
Here’s a breakdown of recent trading of $GO stock by insiders over the last 6 months:
- ERIK D. RAGATZ has made 2 purchases buying 184,000 shares for an estimated $2,295,990 and 0 sales.
- STEVEN K. WILSON (EVP, Chief Purchasing Officer) has made 0 purchases and 4 sales selling 38,159 shares for an estimated $636,584.
- ERIC J. JR. LINDBERG has made 0 purchases and 2 sales selling 41,489 shares for an estimated $534,982.
- KENNETH W. ALTERMAN purchased 25,000 shares for an estimated $297,000
- ANDREA RENEE BORTNER (See Remarks) has made 0 purchases and 5 sales selling 17,213 shares for an estimated $215,482.
- JOHN E. BACHMAN purchased 14,000 shares for an estimated $159,040
- PAMELA B. BURKE (EVP, Chief Stores Officer) has made 0 purchases and 2 sales selling 11,739 shares for an estimated $144,100.
- CHRISTOPHER M MILLER (Chief Financial Officer) purchased 10,000 shares for an estimated $116,800
- LUKE D THOMPSON (EVP, GC and Secretary) has made 0 purchases and 3 sales selling 6,115 shares for an estimated $74,730.
- CAREY F. JAROS purchased 5,000 shares for an estimated $57,000
- LINDSAY E. GRAY (SVP, Accounting) has made 0 purchases and 2 sales selling 4,597 shares for an estimated $55,507.
- RAMESH CHIKKALA (EVP, Chief Operations Officer) sold 2,506 shares for an estimated $28,418
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GO Hedge Fund Activity
We have seen 139 institutional investors add shares of $GO stock to their portfolio, and 172 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 10,838,099 shares (+280.2%) to their portfolio in Q2 2025, for an estimated $134,609,189
- CAPITAL RESEARCH GLOBAL INVESTORS removed 3,559,597 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $44,210,194
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 3,264,590 shares (+100.1%) to their portfolio in Q2 2025, for an estimated $40,546,207
- CAPITAL WORLD INVESTORS removed 2,973,738 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $41,572,857
- SIMCOE CAPITAL MANAGEMENT, LLC removed 2,938,735 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $36,499,088
- BLACKROCK, INC. added 2,880,551 shares (+25.0%) to their portfolio in Q2 2025, for an estimated $35,776,443
- JUNTO CAPITAL MANAGEMENT LP removed 2,506,596 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $35,042,212
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$GO Analyst Ratings
Wall Street analysts have issued reports on $GO in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 05/07/2025
- Jefferies issued a "Buy" rating on 04/16/2025
To track analyst ratings and price targets for $GO, check out Quiver Quantitative's $GO forecast page.
$GO Price Targets
Multiple analysts have issued price targets for $GO recently. We have seen 5 analysts offer price targets for $GO in the last 6 months, with a median target of $17.0.
Here are some recent targets:
- Simeon Gutman from Morgan Stanley set a target price of $16.0 on 08/06/2025
- Joseph Feldman from Telsey Advisory Group set a target price of $16.0 on 08/06/2025
- Michael Lasser from UBS set a target price of $17.0 on 05/07/2025
- Anthony Bonadio from Wells Fargo set a target price of $19.0 on 05/07/2025
- Corey Tarlowe from Jefferies set a target price of $18.0 on 04/16/2025
Full Release
EMERYVILLE, Calif., Aug. 26, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our"), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, today announced the appointment of Frank Kerr to Executive Vice President, Chief Store Operations Officer, effective September 15, 2025.
Mr. Kerr has more than a decade of progressive leadership experience in the grocery retail space, and has a strong track record of driving growth, efficiency, and profitability across large store fleets. He joins Grocery Outlet from Lidl US, where he most recently served as the company’s Senior Vice President, Operations, and its Chief Customer Officer. During his tenure with Lidl, he oversaw the grocer’s expansion into the U.S., achieving significant market share gains while delivering consistent top- and bottom-line results. Mr. Kerr previously served as Vice President of Retail Operations for Save A Lot, where he drove improvements in operational performance across the company’s fleet of more than 900 retail partner licensed grocery stores.
“Frank’s proven leadership experience in grocery retail and the exceptional results he has achieved throughout his career, in both licensee and traditional grocery models, make him an ideal leader of our store operations team,” said Jason Potter, President and CEO of Grocery Outlet. “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.”
“I’m thrilled to be joining the Grocery Outlet team and to be part of the company’s mission focused on making a positive difference in the lives of customers by offering exceptional value and a shopping experience they’ll love,” said Mr. Kerr. “I look forward to partnering with our team and our independent operators to bring that mission to life every day through strong execution in stores, while delivering sustainable growth and stronger profitability for the benefit of all of our stakeholders.”
About Grocery Outlet
Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold primarily through a network of independently operated stores. Grocery Outlet and its subsidiaries have more than 550 stores in California, Washington, Oregon, Pennsylvania, Tennessee, Idaho, Nevada, Maryland, North Carolina, New Jersey, Ohio, Georgia, Alabama, Delaware, Kentucky and Virginia.
Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release other than statements of historical fact may constitute forward-looking statements. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “project,” “seek,” “will,” and similar expressions, are intended to identify such forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied by any forward-looking statements, including the factors discussed under “Risk Factors” in the Company’s most recent annual report on Form 10-K and in other subsequent reports the Company files with the United States Securities and Exchange Commission (the “SEC”). The Company’s periodic filings are accessible on the SEC’s website at www.sec.gov.
Investor Relations Contacts:
Ian Ferry
(510) 244-3703
[email protected]
Ron Clark
(646) 776-0886
[email protected]
Media Contact:
Layla Kasha
(510) 379-2176
[email protected]