NEW
YORK, Feb. 3, 2025 /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 Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
