Grocery Outlet Publishes Annual Impact Report
Grocery Outlet Holding Corp. has published its second annual Impact Report covering fiscal year 2023.
The report outlines ways the grocer is helping shoppers save money, its charitable efforts, and the steps it has taken to reduce food waste.
“Grocery Outlet’s mission of Touching Lives for the Better has been at the foundation of our business throughout our 78-year history,” said RJ Sheedy, president, CEO, and member of the board of directors of Grocery Outlet. “We believe that our future success is intertwined with the well-being of our stakeholders and we are proud to highlight our progress and the positive environmental and social impacts we’ve accomplished in our second annual report.”
Some of the key impact areas highlighted in the Report are:
- Saving Customers Money: Grocery Outlet passed onto its customers an estimated $2.8 billion in savings in 2023. The company’s discounts and bargains save customers money – an estimated 40% over conventional grocers on average and 40-70% on WOW! items.
- Providing Quality Products at Low Prices: Grocery Outlet increases food access in its communities by providing customers with affordable, quality food from trusted, name-brand suppliers.
- Giving Back to Communities: Grocery Outlet partners with its Independent Operators to give back to its communities through initiatives like educational programs, donations to local food banks, and the company’s annual Independence from Hunger Campaign, which raised more than $3.9 million in 2023.
- Providing Opportunities to Independent Operators: As of the end of 2023, Grocery Outlet supported 447 Independent Operators network-wide and created 44 entrepreneurial opportunities for new operators in new and existing stores in 2023.
- Providing Opportunities for Employees: Grocery Outlet said it prioritizes its values and culture, as well as its equity, diversity, and inclusion initiatives, which help create opportunities for employees to develop and achieve their goals.
- Reducing Food Waste: Grocery Outlet’s opportunistic sourcing model supports food waste reduction by focusing on excess inventory and increasing the likelihood that surplus food will be sold to consumers rather than discarded.
- Improving Operational Efficiency: Grocery Outlet strives to reduce its environmental impact on energy use, food waste, and carbon emissions by improving stores’ operation efficiency. More than 98% of stores use timed lighting and heating systems to lower energy consumption, and 100% of stores use an Energy Management System. In 2023, Grocery Outlet also discontinued printed advertisement circulars.
To learn more about Grocery Outlet’s Environmental, Social, and Governance activities, the 2023 Impact Report is available for download at https://www.groceryoutlet.com/impact-report.
