The Gross Law Firm Notifies Grocery Outlet Holding Corp. Investors of a Class Action Lawsuit and Upcoming Deadline – GO

Core Viewpoint - Grocery Outlet Holding Corp. is facing a class action lawsuit due to significant financial underperformance and lowered guidance, which has led to a notable decline in its stock price [3][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from November 7, 2023, to May 7, 2024 [3]. - On May 7, 2024, Grocery Outlet announced first-quarter financial results that were significantly below expectations and reduced its guidance for the second quarter and the full fiscal year 2024 [3]. - The company cited "unforeseen systems transition costs" and "residual expense from our commission support program" as reasons for the disappointing results [3]. - Following this announcement, the stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [3]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by March 31, 2025 [4]. - Registration allows shareholders to be enrolled in a portfolio monitoring system for updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].