GO INVESTOR ALERT: Kirby McInerney LLP Notifies Grocery Outlet Holding Corp. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit

Core Viewpoint - Grocery Outlet Holding Corp. is facing a federal securities class action due to undisclosed issues related to its systems transition, which negatively impacted its financial performance and guidance for 2024 [1][4]. Financial Performance - On May 7, 2024, Grocery Outlet reported Q1 2024 financial results and provided below-expectation guidance for Q2 and the full fiscal year 2024 [3]. - The company's share price fell by $5.02, or approximately 19.38$25.90 to $20.88 following the earnings announcement [3]. Class Action Details - The class action is on behalf of investors who acquired Grocery Outlet securities between November 7, 2023, and May 7, 2024 [1]. - The complaint alleges that the company failed to disclose the true state of its systems transition, which led to significant setbacks in profitability [4]. Legal Representation - Kirby McInerney LLP is leading the class action and is encouraging affected investors to seek the role of lead plaintiff by the March 31, 2025, deadline [1].