Grocery Outlet Holding Corp. Class Action Lawsuit - GO

According to the complaint, after-market on May 7, 2024, Grocery Outlet announced its financial results for the first quarter of fiscal 2024, published significantly below-expectation guidance for the second quarter, and further reduced its guidance for the full fiscal year 2024. The Company attributed its results and lowered guidance on “unforeseen systems transition costs that surfaced at the end of the quarter” and the resulting “residual expense from our commission support program as we finish store physical inventory counts in the second quarter.” Following this news, Grocery Outlet’s stock price fell to $20.88 per share on May 8, 2024, a decline of about 19.38% in the span of just a single day.

In order to be eligible to join the GO class action lawsuit, you must have incurred a loss on shares of Grocery Outlet purchased during the class period listed above.

If you suffered a loss in Grocery Outlet during the relevant time frame or pursuant to the relevant offering(s), you have until March 31, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.