Grocery Outlet(US:GO) Prnewswireยท2025-03-13 09:45Core 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 system transitions and inventory counts [1] Group 1: Financial Performance - Grocery Outlet announced its first quarter financial results for fiscal 2024 on May 7, 2024, which were significantly below expectations [1] - The company reduced its guidance for the second quarter and the full fiscal year 2024 due to unforeseen systems transition costs and residual expenses from its commission support program [1] Group 2: Stock Price Impact - Following the announcement of poor financial results and lowered guidance, Grocery Outlet's stock price fell to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [1] Group 3: 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 in a class action lawsuit [1][2] - The deadline for shareholders to register for the class action and seek lead plaintiff status is March 31, 2025 [2]