NEW YORK–(BUSINESS WIRE)–$GO #GroceryOutlet—Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, alerts investors that Grocery Outlet Holding Corp. (“Grocery Outlet” or the “Company”) (NASDAQ: GO) has been sued for securities fraud following significant stock drops resulting from potential violations of the federal securities law. The class action is pending in the United States District Court for the Northern District of California. It is captioned Jones v. Grocery Outlet Holding Corp., Case No. 3:26-cv-02291.
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Grocery Outlet Holding Corp., headquartered in Hayward, California, operates as a value retailer of consumables and fresh products sold through independently operated stores across 16 states in the United States.
The action alleges that Grocery Outlet and certain officers made materially false and misleading statements regarding the Company’s financial performance, growth sustainability, and the adequacy of its Restructuring Plan.
Why did Grocery Outlet’s stock drop?
On March 4, 2026, Grocery Outlet revealed financial shortfalls on virtually every guided metric for fiscal year 2025. The class action alleges the Company’s aggressive new store opening cadence, including 22 stores in the first half and 13 more in the third quarter of fiscal 2025, masked underlying weaknesses.
Grocery Outlet shares lost $2.45 per share, a 27.9% single-day decline, closing at $6.34 on March 5, 2026, following the disclosures.
Are you a potential class member eligible to recover?
The lawsuit is currently on behalf of investors who purchased or otherwise acquired Grocery Outlet securities during the period between August 5, 2025 and March 4, 2026.
If you have purchased Grocery Outlet common stock, and have suffered a loss, realized or unrealized, and you wish to discuss this investigation, please contact attorney Mandeep S. Minhas at (888) 398-9312 or at [email protected].
What is the deadline?
You may ask the Court no later than May 15, 2026, to appoint you as Lead Plaintiff through counsel of your choice.
CLICK HERE TO FIND OUT IF YOU CAN RECOVER YOUR LOSSES
About Scott+Scott
Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoing, including securities law and shareholder violations.
With 150 attorneys plus supporting staff in eight offices in the United States as well as one office in Canada and three in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief.
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Contacts
Mandeep S. Minhas
Scott+Scott Attorneys at Law LLP
230 Park Avenue, 24th Floor, New York, NY 10169
(888) 398-9312
[email protected]
