INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Grocery Outlet Holding Corp of Class Action Lawsuit and Upcoming Deadlines - GO

Core Viewpoint - A class action lawsuit has been filed against Grocery Outlet Holding Corp. for alleged securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The class action lawsuit concerns whether Grocery Outlet and its officers engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased Grocery Outlet securities during the Class Period have until March 31, 2025, to request to be appointed as Lead Plaintiff [2]. Group 2: Financial Performance - On May 7, 2024, Grocery Outlet reported financial results for Q1 2024, providing guidance for Q2 that was significantly below expectations and further reducing its full fiscal year 2024 guidance [3]. - The company attributed the disappointing results and lowered guidance to unforeseen systems transition costs and residual expenses from its commission support program [3]. - Following this announcement, Grocery Outlet's stock price dropped by $5.02 per share, or 19.38%, closing at $20.88 per share on May 8, 2024 [3].