GO CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Grocery Outlet (GO) Investors of Securities Class Action Deadline on May 15, 2026

NEW YORK--(BUSINESS WIRE)--May 15, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Grocery Outlet Holding Corp. (“Grocery Outlet” or the “Company”) (NASDAQ: GO) and reminds investors of the May 15, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company 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, the Company was unable to achieve the sustainable growth required to meet its previously set guidance; (4) the Company’s Restructuring Plan would require further Optimization to achieve its operational goals, including significant store closures and asset write-downs; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On March 4, 2026, after the market closed, Grocery Outlet announced results for the fourth quarter and full fiscal year 2025, revealing the Company’s full year financial results which missed guidance on nearly every major financial metric. The Company reported full year 2025 adjusted EBITDA of $254.3 million (missing prior guidance of $258 at the low end); net sales of $4.69 billion, (missing prior guidance of $4.70 billion at the low end); comparable store sales which increased by 0.5% on a 52-week basis (missing prior guidance of 0.6% to 0.9%), and diluted adjusted earnings per share of $0.76 (missing prior guidance of $0.78 at the low end). Moreover, the Company revealed it was adding an additional “optimization plan” on top of its “restructuring plan,” and “reshaping [its] new store growth strategy” including the “closure of 36 financially underperforming stores.” Further, the Company also “determined that the long-lived assets of the Closure Stores were impaired, and recognized $110 million of non-cash charges in Impairment of long-lived assets on the condensed consolidated statements of operations and comprehensive income (loss).” Finally, the Company stated that it estimates “between $14 million and $25 million in net total restructuring charges in fiscal 2026, including between $51 million and $63 million of estimated cash expenditures primarily for lease termination fees, and between $11 million and $14 million of bad debt expense, partially offset by net non-cash write-off of right-of-use assets and lease liabilities associated with these leases of between $(48) million and $(52) million.”

On the same date, the Company held an earnings call in conjunction with releasing fourth quarter 2025 results. During the earnings call, the Company’s CEO, Defendant Potter, further revealed that the Company had “made the difficult decision to close 36 locations” in part because “it’s clear now that we expanded too quickly, and these closures are a direct correction.”

On this news, Grocery Outlet’s stock price fell $2.45, or 27.9%, to close at $6.34 per share on March 5, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Grocery Outlet’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Grocery Outlet class action, go to www.faruqilaw.com/GO or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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GO CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Grocery Outlet (GO) Investors of Securities Class Action Deadline on May 15, 2026

KINSHASA, Congo (AP) — Africa’s top public health body on Friday confirmed a new Ebola outbreak in Congo’s remote Ituri province, with 246 suspected cases and 65 deaths recorded so far.

The deaths and suspected cases have been recorded mainly in the Mongwalu and Rwampara health zones, the Africa Centres for Disease Control ​and Prevention said in a statement.

The Ebola virus is highly contagious and can be contracted through bodily fluids such as vomit, blood or semen. The disease it causes is rare, but severe and often fatal.

“Four deaths have been reported among laboratory-confirmed cases. Suspected cases have also been reported in Bunia, pending confirmation,” the agency said, referring to the capital of Ituri province, near the border with Uganda.

It said preliminary laboratory results had detected the Ebola virus in 13 of 20 samples. The results suggest a non-Ebola Zaire strain of the virus with sequencing ongoing to further characterize the strain, the agency said. The Ebola Zaire strain has been prominent in Congo's past outbreaks.

The World Health Organization said last year that Congo has a stockpile of treatments and some 2,000 doses of the Ervebo Ebola vaccine, However, the vaccine is effective against the Ebola Zaire strain of the virus, it said.

The Africa CDC said results confirming the strain in the new outbreak are expected within the 24 hours.

The latest outbreak comes around five months after Congo’s last Ebola outbreak was declared over after 43 deaths.

Ituri is in a remote eastern part of Congo characterized by poor road networks, and is more than 1,000 kilometers (620 miles) from the nation’s capital of Kinshasa.

Africa CDC said it is concerned about the risk of further spread due to intense population movement, mining-related mobility in Mongwalu, insecurity in affected areas, gaps in contact listing and control challenges.

The proximity of affected areas to Uganda and South Sudan also raises concerns, it said.

The agency said it is convening an urgent high-level coordination meeting Friday with health authorities from Congo, Uganda and South Sudan, together with key partners including U.N. agencies and other countries.

“The meeting will focus on immediate response priorities, cross-border coordination, surveillance, laboratory support, infection prevention and control, risk communication, safe and dignified burials, and resource mobilization,” it said.

This is the 17th outbreak in Congo since the disease first emerged in the country in 1976. An Ebola outbreak from 2018 to 2020 in eastern Congo killed more than 1,000 people. The WHO said that outbreak was characterized by the Ebola Zaire strain.

An earlier outbreak that swept across West Africa from 2014 to 2016 also killed more than 11,000 people.

The new outbreak will create more worry for the Central African country, which has been battling various armed groups in the east, including the M23 rebel group, which launched a rapid assault in January last year and has since occupied key cities.

Ituri in particular is also battling violence from the Allied Democratic Force, an Islamic State-linked militant group which has killed dozens there and in other parts of the east.

Congo, Africa's second-largest country by land area, often faces logistical challenges in responding to disease outbreaks. During last year's outbreak, which lasted three months, the World Health Organization initially faced significant challenges in delivering vaccines due to limited access and scarce funds.

Dr. Gabriel Nsakala, a professor of public health who has been involved in past Ebola outbreak responses in Congo, said the country and health workers on the ground have a high level of experience from past outbreaks, in addition to existing infrastructure such as laboratories.

“In terms of training, people already know what they can do. Now, the expertise and equipment need to be delivered quickly,” Nsakala added.

FILE - Health workers dressed in protective gear begin their shift at an Ebola treatment center in Beni, Congo, July 16, 2019. (AP Photo/Jerome Delay, File)

FILE - Health workers wearing protective suits tend to an Ebola victim kept in an isolation tent in Beni, Congo, July 13, 2019. (AP Photo/Jerome Delay, File)

FILE - A health worker sprays disinfectant on his colleague after working at an Ebola treatment center in Beni, eastern Congo, Sept 9, 2018. (AP Photo/Al-hadji Kudra Maliro, File)

FILE - Health workers walk with a boy suspected of having the Ebola virus at an Ebola treatment center in Beni, eastern Congo, Sept 9, 2018. (AP Photo/Al-hadji Kudra Maliro, File)