Emeryville, CA – February 25, 2025 – Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and full fiscal year ended December 28, 2024. Exhibit 99.1 Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2024 Financial Results Provides Fiscal 2025 Guidance Welcomes 30-Year Industry Veteran Jason Potter, President and CEO Highlights for Fourth Quarter Fiscal 2024 as compared to Fourth Quarter Fiscal 2023: Highlights f ...

Provides Fiscal 2025 Guidance Welcomes 30-Year Industry Veteran Jason Potter, President and CEO EMERYVILLE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and full fiscal year ended December 28, 2024. Highlights for Fourth Quarter Fiscal 2024 as compared to Fourth Quarter Fiscal 2023: Net sales increased by 10.9% to $1.10 billion.Comparable store sales increased by 2.9%.Gross mar ...

Core Viewpoint - Grocery Outlet Holding Corp. is set to announce its fourth-quarter fiscal 2024 earnings results on February 25, with investors keenly observing its performance amid competitive challenges and growth opportunities in the grocery sector [1]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $1,086 million, reflecting a 9.7% increase compared to the previous year [2]. - The earnings per share estimate is stable at 17 cents, indicating a year-over-year decline of 5.6% [2]. Historical Performance - Grocery Outlet has experienced a trailing four-quarter negative earnings surprise of 2.2% on average, although it outperformed the Zacks Consensus Estimate by 3.7% in the last reported quarter [3]. Key Factors for Q4 Earnings - The company's focus on opportunistic purchasing, targeted marketing, store expansion, and e-commerce initiatives is expected to drive top-line growth [4]. - The introduction of a personalization app and an expanded product assortment is likely to enhance customer engagement and shopping frequency, with comparable store sales growth anticipated to rise to 2% in Q4 from 1.2% in Q3 [4]. Customer Engagement and Technology - Grocery Outlet has improved customer engagement through technology, particularly with its mobile app that offers personalized deals and early access to promotions [5]. - The company differentiates itself by providing a range of affordable, quality products under its label [5]. Financial Challenges - Although Grocery Outlet has largely mitigated the financial impacts of its system transition, lingering challenges may still affect margin expansion and operational scalability [6]. - SG&A expenses are projected to increase by 8.7% in Q4, which could pressure profitability [6]. Earnings Prediction - The Zacks model predicts an earnings beat for Grocery Outlet, supported by a positive Earnings ESP and a Zacks Rank of 3 (Hold) [7][8].

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 company's financial disclosures and guidance revisions [1] - On May 7, 2024, Grocery Outlet reported first-quarter fiscal 2024 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 specified timeframe have until March 31, 2025, to request appointment 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 is recognized as one of the top securities litigation firms in the United States [4] - The firm has over 20 years of experience in complex securities litigation and a team of more than 70 employees dedicated to serving clients [4]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Grocery Outlet Holding Corp. securities between November 7, 2023, and May 7, 2024, of the March 31, 2025, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Grocery Outlet securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that Grocery Outlet provided misleading statements about its transition to new systems, which negatively impacted its profitability and performance [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4].

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 systems transition and inventory management [1][2]. Financial Performance - On May 7, 2024, Grocery Outlet announced its Q1 fiscal 2024 results, which were significantly below expectations, leading to a reduction in guidance for Q2 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 [1][2]. - The deadline for shareholders to register for the class action and seek lead plaintiff status is March 31, 2025 [2]. Company Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against 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 - 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, following significant stock price declines due to undisclosed issues related to a systems transition [1][4]. Group 1: Allegations and Impact - The lawsuit claims that Grocery Outlet's management misled investors regarding the reliability of information about the completion of a systems transition that began in August 2023, which was expected to be completed by the end of the year [2][3]. - On May 7, 2024, Grocery Outlet reported first-quarter results that revealed a larger-than-expected negative impact from the systems transition, leading to a stock price drop from $25.90 to $20.88, a decline of approximately 19.38% in one day [4]. Group 2: Legal Process - Investors in Grocery Outlet have until March 31, 2025, to apply to be appointed as lead plaintiffs in the class action, representing the interests of all class members [5]. - The lead plaintiff will select legal counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [5]. Group 3: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [6].

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 company's financial disclosures and guidance reductions [1] - On May 7, 2024, Grocery Outlet reported first-quarter fiscal 2024 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 [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 specified timeframe have until March 31, 2025, to request appointment 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]

Core Viewpoint - Grocery Outlet Holding Corp. is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1] Group 1: Earnings Performance - Grocery Outlet has a strong history of beating earnings estimates, with an average surprise of 14.35% over the last two quarters [2] - In the most recent quarter, the company reported earnings of $0.28 per share against an expectation of $0.27, resulting in a surprise of 3.70% [3] - For the previous quarter, the consensus estimate was $0.20 per share, while the actual earnings were $0.25 per share, leading to a surprise of 25% [3] Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Grocery Outlet, with a positive Zacks Earnings ESP indicating potential for another earnings beat [4][7] - The current Earnings ESP for Grocery Outlet is +1.32%, suggesting analysts have recently become more optimistic about the company's earnings prospects [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5] Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6] - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [8] - Checking a company's Earnings ESP before quarterly releases is crucial for increasing the odds of investment success [9]

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].