Core Points - Grocery Outlet Holding Corp. announced the winners of its "Free Groceries for Life" sweepstakes, with each grand prize valued at $240,000 [1][3] - The sweepstakes ran from January 8 to March 31, and 32 winners were selected, including two grand prize winners [3][4] - The company aims to provide customers with the best deals and shopping experience, as stated by CEO Jason Potter [2] Company Overview - Grocery Outlet is a high-growth, extreme value retailer based in Emeryville, California, with over 530 stores across various states [5] - The company focuses on selling quality, name-brand consumables and fresh products through independently operated stores [5]

Sprouts Farmers Market Inc. (SFM) and Grocery Outlet Holding Corp. (GO) are both well-established names in the grocery retail space, offering a strong focus on value and quality. Sprouts Farmers specializes in fresh, natural and organic offerings, positioning itself as a destination for health-conscious shoppers. Grocery Outlet, on the other hand, attracts budget-focused customers by offering name-brand products at discounted rates, often through opportunistic purchasing.Despite their different strategies, ...

Core Insights - Grocery Outlet Holding Corp. (GO) shares have increased by 10% over the past month, outperforming the industry and S&P 500 index, which declined by 0.9% and 5.5% respectively, indicating growing investor confidence in the company's strategic initiatives and operational resilience [1][3]. Company Performance - GO stock last traded at $14.24, which is 48.5% below its 52-week high of $27.64 reached on April 25, 2024, presenting a potential opportunity for value-focused investors [3]. - The company expects comparable store sales to grow between 2% and 3% in fiscal 2025, with total net sales projected to reach $4.7 billion to $4.8 billion, up from $4.4 billion in fiscal 2024 [11]. Business Model and Strategy - Grocery Outlet's business model features opportunistic sourcing and an Independent Operator structure, allowing it to offer quality name-brand products at exceptional value [5]. - The company is enhancing its market presence through diverse product assortments, targeted marketing, in-store initiatives, and e-commerce strategies, including partnerships with Instacart, DoorDash, and Uber Technologies for same-day delivery [6]. - GO plans to open 33-35 net new stores in 2025, focusing on high-return markets and clustering locations for operational synergy, rather than rapid expansion [7]. Operational Developments - A new 680,000 square-foot distribution center in Vancouver, WA, aims to consolidate regional operations and improve logistical efficiency, reducing costs associated with multiple facilities [10]. - The company is facing operational challenges due to its migration to an SAP enterprise system, which has affected core functions and increased operating costs, leading to a gross margin decline of 70 basis points to 29.5% in the fourth quarter of fiscal 2024 [14]. Financial Metrics - Grocery Outlet's forward 12-month price-to-earnings (P/E) multiple is 18.36X, down from its median level of 22.16X in the past year, suggesting that the stock may be undervalued relative to its earnings potential [12]. - Selling, general and administrative (SG&A) expenses rose 11.6% to $312.5 million in the fiscal fourth quarter, primarily due to restructuring charges and higher store-related expenses [15]. Market Sentiment - The Zacks Consensus Estimate for earnings per share has seen downward revisions, reflecting cautious sentiment around the company, with estimates declining by 24 cents to 73 cents for the current fiscal and 25 cents to 88 cents for the next fiscal [16].

RADNOR, Pa., March 27, 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 Grocery O ...

RADNOR, Pa., March 26, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California 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 Marc ...

Core Viewpoint - Grocery Outlet Holding Corp. is facing a class action lawsuit due to significant financial underperformance and lowered guidance, which has led to a notable decline in its stock price [3][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from November 7, 2023, to May 7, 2024 [3]. - On May 7, 2024, Grocery Outlet announced first-quarter financial results that were significantly below expectations and reduced its guidance for the second quarter and the full fiscal year 2024 [3]. - The company cited "unforeseen systems transition costs" and "residual expense from our commission support program" as reasons for the disappointing results [3]. - Following this announcement, the stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [3]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by March 31, 2025 [4]. - Registration allows shareholders to be enrolled in a portfolio monitoring system for updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

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 Impact - The company attributed its poor financial performance and lowered guidance to unforeseen systems transition costs and residual expenses from its commission support program [2] Group 3: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until March 31, 2025, to request to be appointed 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, 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 as one of the top securities litigation firms in the United States for seven consecutive years [4]

Core Viewpoint - Grocery Outlet Holding Corp. announced disappointing financial results for Q1 of fiscal 2024 and significantly lowered its guidance for Q2 and the full fiscal year 2024, leading to a sharp decline in its stock price [1]. Financial Performance - The company reported financial results that were significantly below expectations for Q1 of fiscal 2024 [1]. - On May 7, 2024, Grocery Outlet reduced its guidance for Q2 and the full fiscal year 2024 due to unforeseen systems transition costs and residual expenses from its commission support program [1]. - Following the announcement, the stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in 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 [1][2]. - The deadline for shareholders to register for the class action is March 31, 2025, and there is no cost or obligation to participate [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

NEW YORK, March 21, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Grocery Outlet Holding Corp. (NASDAQ: GO) between November 7, 2023 and May 7, 2024, both dates inclusive (the "Class Period"), of the important March 31, 2025 lead plaintiff deadline.So what: If you purchased Grocery Outlet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange ...

LOS ANGELES, March 21, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Grocery Outlet Holding Corp. ("Grocery Outlet" or "the Company") (NASDAQ: GO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 7, 2023 and May 7, 2024, inclusive (the "Cla ...