ATLANTA, GA – – (Globe Newswire – March 17, 2026) – – Holzer & Holzer, LLC has filed a shareholder class action lawsuit against Grocery Outlet Holding Corp. (“Grocery Outlet” or the “Company”) (NASDAQ: GO). The lawsuit alleges that Defendants issued false and misleading statements and/or failed to disclose material adverse facts regarding Grocery Outlet ’s business, operations, and prospects, including allegations that: (1) Grocery Outlet had “expanded too quickly” into new stores; (2) the Company’s purportedly strong financial and operational growth was being artificially supported by excessive rapid store expansion; (3) as a result, Grocery Outlet was unable to achieve the sustainable growth required to meet its previously set guidance; and (4) the Company’s Restructuring Plan would require further Optimization to achieve its operational goals, including significant store closures and asset write-downs.

If you purchased Grocery Outlet shares between August 5, 2025 and March 4, 2026, and experienced a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/grocery-outlet/ for more information.

The deadline to ask the court to be appointed lead plaintiff in the case is May 15, 2026.