Shares of Grocery Outlet Holding Corp. (GO) witnessed a decline of 15.2% during the after-market trading session on May 7 following first-quarter 2024 results. While the top line beat the Zacks Consensus Estimate and increased year over year, the bottom line missed the same and fell sharply from the year-ago period. Management highlighted that additional systems conversion issues hurt the company’s profitability. Consequently, Grocery Outlet revised its full-year earnings forecast downward.Q1 InsightsGrocer ...