Grocery Outlet(GO)

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Kessler Topaz Meltzer & Check, LLP Encourages Grocery Outlet Holding Corp. Investors with Losses to Contact the Firm
Prnewswire· 2025-02-15 17:52
Core Viewpoint - A securities class action lawsuit has been filed against Grocery Outlet Holding Corp. for alleged misconduct during the Class Period from November 7, 2023, to May 7, 2024, with a lead plaintiff deadline set for March 31, 2025 [1]. Group 1: Allegations and Impact - The lawsuit claims that during the earnings call on November 7, 2023, Grocery Outlet disclosed an ongoing Systems Transition that began in August and was expected to be completed by the end of the year, along with material information regarding expected profits for fiscal year 2024 [3]. - Throughout the Class Period, the company allegedly misled investors by creating a false impression of having reliable information about the Systems Transition and downplaying the associated financial risks [4]. - On May 7, 2024, the company reported first quarter results that revealed a larger-than-expected negative impact from the Systems Transition, leading to a significant stock price drop from $25.90 to $20.88, a decline of approximately 19.38% in one day [5]. Group 2: Legal Process and Representation - Investors in Grocery Outlet can seek to be appointed as lead plaintiffs by March 31, 2025, or remain as absent class members, with the lead plaintiff representing the interests of the class [6]. - The lead plaintiff is typically the investor or group of investors with the largest financial stake and is responsible for selecting legal counsel for the class [6].
Levi & Korsinsky Reminds Grocery Outlet Holding Corp. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 - GO
Prnewswire· 2025-02-14 10:45
Core Viewpoint - A class action securities lawsuit has been filed against Grocery Outlet Holding Corp. due to alleged securities fraud affecting investors between November 7, 2023, and May 7, 2024 [1] Group 1: Case Details - On May 7, 2024, Grocery Outlet announced its Q1 fiscal 2024 financial results, which were significantly below expectations, and it lowered its guidance for Q2 and the full fiscal year 2024 [2] - The company cited "unforeseen systems transition costs" and "residual expense from our commission support program" as reasons for the disappointing results and lowered guidance [2] - Following this announcement, Grocery Outlet's stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request appointment as lead plaintiff in the lawsuit [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]
March 31, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against GO
Prnewswire· 2025-02-13 10:45
Core Viewpoint - Grocery Outlet Holding Corp. has faced significant stock price decline following the announcement of disappointing financial results and lowered guidance for fiscal year 2024, attributed to unforeseen costs related to system transitions and inventory counts [1][2]. Financial Performance - On May 7, 2024, Grocery Outlet reported first-quarter financial results for fiscal 2024 that were significantly below expectations, leading to a reduction in guidance for the second quarter and the full fiscal year 2024 [1]. - The company's stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in just one day [1]. Legal Action - Shareholders who purchased shares during the class period from November 7, 2023, to May 7, 2024, are encouraged to contact the Gross Law Firm regarding potential lead plaintiff appointment in a class action lawsuit [1][2]. - The deadline for shareholders to register for participation in the class action is March 31, 2025, with no cost or obligation to participate [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceitful and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who have suffered losses due to misleading statements or omissions [3].
Grocery Outlet Holding Stockholders with Large Losses Should Contact Robbins LLP for Information About the GO Class Action Lawsuit
GlobeNewswire News Room· 2025-02-11 23:58
SAN DIEGO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Grocery Outlet Holding Corp. (NASDAQ: GO) securities between November 7, 2023 and May 7, 2024. Grocery Outlet is a value retailer of consumables and fresh products sold via a network of independently operated stores across the U.S. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. Th ...
Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2024 Earnings Release and Conference Call Date
Globenewswire· 2025-02-11 21:05
Financial Results Announcement - Grocery Outlet Holding Corp. will release its financial results for the fourth quarter and full fiscal year 2024 after market close on February 25, 2025 [1] - A conference call to discuss the results will be held at 4:30pm ET (1:30pm PT) on the same day [1] Conference Call Details - Investors and analysts can join the call by dialing (877) 407-9208 approximately 10 minutes prior to the start [2] - A live audio webcast of the conference call will be available online [2] - A taped replay of the conference call will be accessible within three hours after the call and will be available for approximately two weeks [3] Company Overview - Grocery Outlet is a high-growth, extreme value retailer based in Emeryville, California, specializing in quality, name-brand consumables and fresh products [4] - The company operates more than 520 stores across various states including California, Washington, Oregon, and others [4]
Investors in Grocery Outlet Holding Corp. Should Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights - GO
Prnewswire· 2025-02-11 10:45
Core Viewpoint - A class action securities lawsuit has been filed against Grocery Outlet Holding Corp. due to alleged securities fraud affecting investors between November 7, 2023, and May 7, 2024 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Grocery Outlet investors who were negatively impacted by the alleged fraud during the specified period [1] - Following the announcement of disappointing financial results for Q1 fiscal 2024 and a significant reduction in guidance for Q2 and the full fiscal year, Grocery Outlet's stock price dropped to $20.88 per share, marking a decline of approximately 19.38% in one day [2] Group 2: Financial Performance - Grocery Outlet's poor performance was attributed to unforeseen systems transition costs and residual expenses from a commission support program as the company completed physical inventory counts [2] Group 3: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until March 31, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 4: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4]
GO Investor Alert: Kessler Topaz Meltzer & Check, LLP Urges GO Investors with Losses to Contact the Firm
Prnewswire· 2025-02-11 00:02
RADNOR, Pa., Feb. 10, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Grocery Outlet Holding Corp. ("Grocery Outlet") (NASDAQ: GO) on behalf of those who purchased or acquired Grocery Outlet securities between November 7, 2023, and May 7, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is March 31, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Groc ...
Grocery Outlet Holding Corp. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights - GO
Prnewswire· 2025-02-10 10:45
NEW YORK, Feb. 10, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Grocery Outlet Holding Corp. (NASDAQ: GO).Shareholders who purchased shares of GO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/grocery-outlet-holding-corp-loss-submission-form/?id=127856&from=4 CLASS PERIOD: ...
GO INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In GO To Contact Him Directly To Discuss Their Options"
Prnewswire· 2025-02-07 14:47
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Grocery Outlet Holding Corp due to allegations of violations of federal securities laws related to misleading statements and undisclosed issues regarding the company's transition to new systems [4][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $50,000 in Grocery Outlet between November 7, 2023, and May 7, 2024, to contact them for legal options [1]. - A federal securities class action has been filed against Grocery Outlet, with a deadline of March 31, 2025, for investors to seek the role of lead plaintiff [2]. Group 2: Company Performance and Issues - Grocery Outlet reported Q1 2024 earnings that significantly fell below expectations, leading to a lowered guidance for the year, attributed to disruptions from new technology implementations and self-imposed commission support [5]. - Following the disappointing earnings report, Grocery Outlet's stock price dropped by $5.02 per share, approximately 19.38%, closing at $20.88 per share on May 8, 2024 [6]. Group 3: Company Background - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in New York, Pennsylvania, California, and Georgia [3].
Shareholders that lost money on Grocery Outlet Holding Corp.(GO) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Prnewswire· 2025-02-07 10:45
Core Viewpoint - Grocery Outlet Holding Corp. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between November 7, 2023, and May 7, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit was initiated after Grocery Outlet reported its first quarter financial results for fiscal 2024, which were significantly below expectations, and subsequently lowered its guidance for the second quarter and the full fiscal year 2024 [2]. - The company cited "unforeseen systems transition costs" and "residual expense from our commission support program" as reasons for the disappointing results and lowered guidance [2]. - Following the announcement, Grocery Outlet's stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].