GO INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In GO To Contact Him Directly To Discuss Their Options"

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Grocery Outlet Holding Corp due to allegations of violations of federal securities laws related to misleading statements and undisclosed issues regarding the company's transition to new systems [4][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $50,000 in Grocery Outlet between November 7, 2023, and May 7, 2024, to contact them for legal options [1]. - A federal securities class action has been filed against Grocery Outlet, with a deadline of March 31, 2025, for investors to seek the role of lead plaintiff [2]. Group 2: Company Performance and Issues - Grocery Outlet reported Q1 2024 earnings that significantly fell below expectations, leading to a lowered guidance for the year, attributed to disruptions from new technology implementations and self-imposed commission support [5]. - Following the disappointing earnings report, Grocery Outlet's stock price dropped by $5.02 per share, approximately 19.38%, closing at $20.88 per share on May 8, 2024 [6]. Group 3: Company Background - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in New York, Pennsylvania, California, and Georgia [3].