Grocery Outlet(GO) Prnewswire·2025-02-20 10:45Core 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 systems transition and inventory management [1][2]. Financial Performance - On May 7, 2024, Grocery Outlet announced its Q1 fiscal 2024 results, which were significantly below expectations, leading to a reduction in guidance for Q2 and the full fiscal year 2024 [1]. - The company's stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in just one day [1]. 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]. Company 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].