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Shares have fallen 50% in the past 12 months, and are on pace for their worst year on record.The company said it appointed its current chairman, Eric Lindberg, as its interim president and CEO while the board looks to identify a successor.Sheedy joined Grocery Outlet 12 years ago, and was elevated to the CEO position in January 2023.Banks including BofA Securities and Wells Fargo cut their target prices on the Grocery Outlet's stock shortly after the company disclosed the executive change.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0471298777.SGD","GO","BK4113","LU0385154629.USD"],"gpt_icon":0},{"id":"2479379997","title":"Grocery Outlet downgraded to Market Perform from Outperform at Telsey Advisory","url":"https://stock-news.laohu8.com/highlight/detail?id=2479379997","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2479379997?lang=en_us&edition=fundamental","pubTime":"2024-10-31 01:20","pubTimestamp":1730308829,"startTime":"0","endTime":"0","summary":"Telsey Advisory downgraded Grocery Outlet (GO) to Market Perform from Outperform. 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The company...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/craig-hallum-sticks-to-their-hold-rating-for-grocery-outlet-holding-go-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/craig-hallum-sticks-to-their-hold-rating-for-grocery-outlet-holding-go-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["GO"],"gpt_icon":0},{"id":"2479998203","title":"Shares of Grocery Outlet Down About 8% Premarket; CEO Rj Sheedy Steps Down","url":"https://stock-news.laohu8.com/highlight/detail?id=2479998203","media":"THOMSON REUTERS","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2479998203?lang=en_us&edition=fundamental","pubTime":"2024-10-30 19:29","pubTimestamp":1730287766,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241030:nFWN3M610O:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["GO","BK4113","LU0471298777.SGD","LU0385154629.USD"],"gpt_icon":0},{"id":"2479048208","title":"BUZZ-Grocery Outlet falls; CEO to step down","url":"https://stock-news.laohu8.com/highlight/detail?id=2479048208","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2479048208?lang=en_us&edition=fundamental","pubTime":"2024-10-30 19:22","pubTimestamp":1730287353,"startTime":"0","endTime":"0","summary":"** Shares of Grocery Outlet    down ~8% at $15.25 premarket   ** Says CEO RJ Sheedy steps down as CEO after almost 2 years in the role   ** Former CEO Eric Lindberg to be interim CEO, board to begin process of identifying a permanent CEO    ** GO expects preliminary Q3 net sales of $1.1 bln vs analysts' estimates of $1.09 bln - LSEG data   ** Co to announce Q3 results on Nov. 5   ** Up to Tuesday's close, stock had fallen ~38% YTD ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0471298777.SGD","GO","BK4113","LU0385154629.USD"],"gpt_icon":0},{"id":"2479927284","title":"BRIEF-Grocery Outlet Holding Corp. 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ANNOUNCES CEO TRANSITION   * GROCERY OUTLET HOLDING CORP - ERIC LINDBERG RETURNS AS INTERIM CEO   * GROCERY OUTLET HOLDING CORP - RJ SHEEDY STEPS DOWN AS CEO AND RESIGNS FROM BOARD   * GROCERY OUTLET HOLDING CORP - EXPECTS TO MEET Q3 EARNINGS GUIDANCE   * GROCERY OUTLET HOLDING CORP - EXPECTS Q3 NET SALES OF $1.1 BILLION, UP 10.4%   * GROCERY OUTLET HOLDING CORP: SEES TO EXCEED HIGH END OF RANGE OF FY NET SALES GUIDANCE OF $4.30 TO $4.35 BILLIONSource text:    Further company coverage:    ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4113","LU0385154629.USD","GO","LU0471298777.SGD"],"gpt_icon":0}],"pageSize":16,"totalPage":13,"pageCount":10,"totalSize":194}]}}