Grocery Outlet Holding Corp. Class Action: The Gross Law Firm Reminds Grocery Outlet Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 - GO

Core Viewpoint - Grocery Outlet Holding Corp. has faced significant stock price decline following the announcement of 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 financial results for Q1 of fiscal 2024 on May 7, 2024, which were significantly below expectations [1]. - The company reduced its guidance for Q2 and the full fiscal year 2024 due to unforeseen systems transition costs and residual expenses from its commission support program [1]. - Following the announcement, Grocery Outlet's stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [1]. Group 2: 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 [1][2]. - The deadline for shareholders to register for the class action and seek lead plaintiff status is March 31, 2025 [2]. - Participation in the case incurs no cost or obligation for shareholders, and they will receive updates through portfolio monitoring software [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].