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].

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, related to the company's Systems Transition and its impact on financial performance [1][2][3]. Group 1: Allegations and Impact - The lawsuit claims that during the Class Period, Grocery Outlet's management misled investors regarding the reliability of information about the Systems Transition and downplayed potential financial risks associated with it [3]. - On May 7, 2024, Grocery Outlet reported first quarter fiscal year 2024 results that revealed a larger-than-expected negative impact from Systems Transition issues, leading to a significant 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 Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [6].

NEW YORK, March 29, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Grocery Outlet Holding Corp. (NASDAQ: GO) with an expanded class period between August 9, 2023 and October 29, 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 c ...

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].

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 must move the Court to serve as lead plaintiff by March 31, 2025 [3]. - The lawsuit alleges that during the Class Period, Grocery Outlet made misleading statements about its transition to new systems, which concealed potential setbacks affecting profitability [5]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, as many firms may not have the necessary experience or resources [4]. - The firm has a history of significant recoveries for investors, including over $438 million in 2019 alone, and has been recognized for its performance in securities class action settlements [4].

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 ...