SYMBOTIC ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Symbotic Inc. and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Symbotic Inc. due to a significant drop in stock price following the announcement of lowered revenue guidance for Q4 and the full fiscal year 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased Symbotic securities between May 6, 2024, and July 29, 2024 [1]. - Investors have until October 15, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Financial Performance - On July 29, 2024, Symbotic announced its 3Q24 financial results and subsequently lowered its revenue guidance for the fourth quarter and full fiscal year 2024 [2]. - The company attributed the change in guidance to "schedule growth and higher labor costs during the quarter" [2]. Group 3: Stock Price Reaction - Following the announcement, Symbotic's stock price opened at $26.36 per share, which is approximately 25% lower than the previous day's close of $35.63 per share [3].