NEW YORK, March 13, 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=135474&from=4CLASS PERIOD: ...

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][6]. Group 1: Allegations and Impact - The lawsuit claims that during the Class Period, Grocery Outlet misled investors regarding the reliability of information about its ongoing Systems Transition, which began in August 2023 [3][4]. - On May 7, 2024, Grocery Outlet reported first quarter fiscal year 2024 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 affected by Grocery Outlet's stock performance can seek to be appointed as lead plaintiffs by March 31, 2025, or remain absent class members [6]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [6].

Group 1 - The article expresses a negative outlook on Grocery Outlet Holding's earnings growth due to poor same-store sales performance and gross margin concerns [1] - The author has previously assigned a sell rating to Grocery Outlet Holding, indicating skepticism about its near-term financial prospects [1] Group 2 - The author emphasizes a diverse investment approach, incorporating fundamental, technical, and momentum investing strategies to enhance their investment process [1]

Core Viewpoint - Grocery Outlet Holding Corp. reported its Q4 earnings, prompting analysis of the numbers and future outlook, with a cautious stance on investment potential [1]. Financial Performance - The company recently released its Q4 earnings report, which is a critical indicator of its financial health and operational performance [1]. Investment Perspective - The analysis reflects a long-term investment approach, emphasizing a portfolio that balances growth, value, and dividend-paying stocks, with a current focus on value [1].

Core Viewpoint - Grocery Outlet Holding Corp. has faced significant stock price decline following disappointing financial results and lowered guidance for fiscal year 2024, attributed to unforeseen costs related to system transitions and inventory management [1]. Group 1: Financial Performance - Grocery Outlet announced its first quarter financial results for fiscal 2024 on May 7, 2024, which were significantly below expectations [1]. - The company reduced its guidance for the second quarter and the full fiscal year 2024 due to unforeseen systems transition costs and residual expenses from its commission support program [1]. - 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 [1]. Group 2: 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]. - The deadline for shareholders to register for the class action is March 31, 2025, and there is no cost or obligation to participate [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2]. Group 3: Law 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].

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 aims to recover losses for Grocery Outlet investors who were negatively impacted by the alleged fraud during the specified period [1] - On May 7, 2024, Grocery Outlet reported first-quarter financial results that were significantly below expectations and 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 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: 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 in the lawsuit [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive experience 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 United States [4]

RADNOR, Pa., March 06, 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 ...

NEW YORK, March 6, 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=134042&from=4CLASS PERIOD: ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Grocery Outlet To Contact Him Directly To Discuss Their OptionsIf you purchase securities in Grocery Outlet between November 7, 2023 and May 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, March 5, 2025 /PRNewswire/ -- Faruqi & Faruqi, ...

NEW YORK, March 4, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Grocery Outlet Holding Corp. ("Grocery Outlet" or the "Company") (NASDAQ: GO) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Grocery Outlet investors who were adversely affected by alleged securities fraud between November 7, 2023 and May 7, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/grocery-outl ...