Grocery Outlet(US:GO) Prnewswireยท2025-03-13 15:49Core 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 in Grocery Outlet between November 7, 2023, and May 7, 2024, to discuss their legal rights [1]. - There is a deadline of March 31, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Grocery Outlet [2]. Group 2: Financial Performance - Grocery Outlet reported Q1 2024 earnings that significantly fell below expectations and subsequently lowered its guidance for the year, attributing the decrease to disruptions from new technology implementations and 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].