Investor Alert: Class Action Lawsuit Filed Against Grocery Outlet Holding Corp.

On February 10, 2025, Bronstein, Gewirtz & Grossman, LLC, a law firm recognized across the country, announced to investors that a class action lawsuit has been initiated against Grocery Outlet Holding Corp. (referred to as "Grocery Outlet" or "the Company") and some of its executives.

Class Action Overview

This lawsuit aims to recover damages for alleged breaches of federal securities laws on behalf of all individuals and entities that acquired Grocery Outlet securities between November 7, 2023, and May 7, 2024 (the "Class Period"). Investors who meet this criteria are encouraged to join the lawsuit by visiting the firm’s website at bgandg.com/GO.

Details of the Case

The lawsuit claims that on May 7, 2024, after the market closed, Grocery Outlet disclosed its first-quarter financial results for fiscal year 2024 which significantly missed expectations and provided lower-than-anticipated guidance for the upcoming quarter as well as for the full fiscal year. The Company pointed out that these disappointing results were due to unexpected transition costs related to systems that arose at the end of the quarter, as well as ongoing expenses from a commission support program while finalizing physical inventory counts in the second quarter.

As a result of this negative news, Grocery Outlet’s stock price dropped to $20.88 per share on May 8, 2024, reflecting a steep decline of approximately 19.38% in just one day.

Next Steps for Investors

A class action lawsuit has already been filed, and investors can view a copy of the Complaint at bgandg.com/GO. For further inquiries, interested parties may contact Peretz Bronstein, Esq. or Nathan Miller, Client Relations Manager at Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. Those who experienced financial losses with Grocery Outlet have until March 31, 2025, to request the Court appoint them as the lead plaintiff. It is important to note that participating in any potential recovery does not require serving as the lead plaintiff.

No Cost to Participants

The firm operates on a contingency fee basis, meaning that legal fees will be covered by any recovery gained, with costs associated only if they are successful in obtaining a settlement or judgment.

About Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a well-known firm that advocates for investors in cases of securities fraud and shareholder derivative actions. The firm has successfully recovered substantial amounts for investors nationwide.

For ongoing updates, follow the firm on social media platforms like LinkedIn, X, Facebook, and Instagram.

Note: This content serves as an advertisement for legal services and previous outcomes do not ensure similar results.

Contact Information

For further assistance, contact Bronstein, Gewirtz & Grossman, LLC:

Peretz Bronstein or Nathan Miller
332-239-2660
[email protected]

classaction, lawsuit, investors