Law Firms Urge Grocery Outlet Investors to Seek Lead Role in Securities Suit Before May 15

Overview

• Plaintiffs’ firms, including the Law Offices of Howard G. Smith and Kessler Topaz, are asking Grocery Outlet investors with losses to apply for lead-plaintiff status by May 15, 2026.
• The proposed class action covers August 5, 2025 to March 4, 2026 and claims the company expanded too fast and presented growth that relied on rapid store openings.
• The complaint says this approach left Grocery Outlet unable to meet guidance and would require further “optimization,” including store closures and write-downs.
• After Grocery Outlet reported weak 2025 results and said it would close 36 stores on March 4, 2026, the stock fell 27.9% to $6.34 the next day.
• The suit is filed in the Northern District of California as Jones v. Grocery Outlet Holding Corp., and the notices emphasize the claims are unproven and may be attorney advertising.