#United States #New York #Class Action #The Gross Law Firm #Grocery Outlet

Important Notice for Grocery Outlet Shareholders

On March 27, 2025, The Gross Law Firm released a crucial announcement aimed at investors who experienced financial losses related to Grocery Outlet Holding Corp. (NASDAQ: GO). The firm is actively encouraging shareholders who purchased shares within the designated class period to reach out for information regarding possible lead plaintiff appointments. Participation in the recovery process does not necessitate an appointment as lead plaintiff.

Class Period and Allegations

The class period for this class action spans from November 7, 2023, to May 7, 2024. Within this time frame, Grocery Outlet is facing allegations concerning significant missteps in its financial reporting. Notably, after market hours on May 7, 2024, the company announced its first-quarter fiscal 2024 results, which fell dramatically below anticipated guidance for the second quarter. Moreover, it further downgraded its outlook for the entire fiscal year of 2024.

The adverse financial disclosures were attributed to unexpected costs associated with a systems transition that surfaced towards the end of the quarter, leading to residual expenses from a commission support program, coinciding with the completion of physical inventory counts in the second quarter. Following this announcement, the company’s stock price plummeted to $20.88 per share the next day, marking a staggering decline of approximately 19.38% in just a single trading day.

Deadlines for Shareholders

Shareholders are strongly encouraged to register for this class action lawsuit without delay. The registration link remains active at the official notice page. The crucial deadline to seek lead plaintiff status is set for March 31, 2025.

Next Steps for Interested Shareholders

Once a shareholder registers within the specified class action timeline, they will gain access to a portfolio monitoring software designed to keep them informed of updates throughout the case's progression. This monitoring ensures that shareholders stay in the loop regarding any developments that may affect their claims.

The participation process is devoid of any costs or obligations for shareholders, emphasizing the accessibility of the legal proceedings initiated against Grocery Outlet.

Why The Gross Law Firm?

The Gross Law Firm is a well-respected national class action law firm that focuses on safeguarding the rights of investors who have encountered hardships due to fraudulent activities, deceitful reporting, or malpractice by companies. Their mission is to ensure adherence to ethical business practices and for corporations to maintain accountability towards their investors.

The firm is committed to securing recovery for investors who have suffered losses, particularly when false or misleading statements inflate a company's stock value artificially. It's vital for shareholders to understand that attorney advertising applies within this context, and prior results do not guarantee identical outcomes in the current case.

Contact Information

For additional inquiries or to participate in the legal action, shareholders can contact The Gross Law Firm at:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903

Conclusion

In summary, shareholders of Grocery Outlet Holding Corp. facing financial losses due to recent developments are strongly urged to take action by joining the ongoing class action lawsuit. The Gross Law Firm is dedicated to representing investors and ensuring that corporate misconduct does not go unchecked.