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Grocery Outlet Holding Corp. Sued for Securities Law Violations - Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights - GO

1. Grocery Outlet's stock fell 19.38% after disappointing Q1 results. 2. The company lowered guidance due to unforeseen systems transition costs. 3. The class period for shareholder claims runs until May 2024. 4. A lead plaintiff can be appointed by March 2025 for class action.

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FAQ

Why Very Bearish?

Disappointing financial results often lead to investor distrust and stock price decline, similar to past cases with companies like Kohl's.

How important is it?

The article outlines significant legal risks and investor concerns directly affecting GO’s stock position.

Why Short Term?

Immediate investor reactions to earnings and guidance affect stock prices quickly, as seen with GameStop's volatility.

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, /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Grocery Outlet Holding Corp. (NASDAQ: GO). Shareholders who purchased shares of GO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/grocery-outlet-holding-corp-loss-submission-form/?id=126286&from=4 CLASS PERIOD: November 7, 2023 to May 7, 2024 ALLEGATIONS: 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. DEADLINE: March 31, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/grocery-outlet-holding-corp-loss-submission-form/?id=126286&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of GO during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 31, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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