NEW YORK, Aug. 22, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Petco Health and Wellness Company, Inc. ("Petco" or the "Company") (NASDAQ: WOOF) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Petco investors who were adversely affected by alleged securities fraud between January 14, 2021 and June 5, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/petco-lawsuit-su ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Petco Health and Wellness Company, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on August 29, 2025 [1] Group 1: Class Action Details - Investors who purchased Petco securities between January 14, 2021, and June 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [3] - The lawsuit alleges that Petco made false and misleading statements regarding its business model and the sustainability of its pandemic-related growth [5] Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions [4] - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been recognized for its success in this area [4] Group 3: Case Allegations - The lawsuit claims that Petco's pandemic-related growth was overstated and that the company downplayed the severity of issues affecting its business model [5] - It is alleged that Petco's public statements were materially false and misleading, leading to investor damages when the true situation was revealed [5]

Company Announcement - Petco is scheduled to present at the 32nd Annual Goldman Sachs Global Retailing Conference on September 4, 2025, at approximately 1:50 p.m. Eastern Time [1] - A live webcast of the presentation will be available on the company's Investor Relations page, with a replay accessible approximately two hours after the conference call [2] Company Overview - Petco has been a leading provider of pet care products and services for over 60 years, offering a wide range of items from meals and toys to expert support [3] - The company operates more than 1,500 stores across the U.S., Mexico, and Puerto Rico, providing exclusive pet care products and services both in-store and online [3] - Petco Love, founded in 1999, has supported thousands of local animal welfare groups and helped find homes for approximately 7 million animals through in-store adoption events [3]

Core Viewpoint - Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) is facing a class action lawsuit due to allegations of misleading statements regarding its business model and growth prospects during the pandemic [3][5]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from January 14, 2021, to June 5, 2025 [3]. - Allegations include that Petco's pandemic-related growth was unsustainable and that its business model, which focuses on premium pet food, was overstated [3]. - The company is accused of downplaying the severity of issues affecting its business and overstating its ability to achieve sustainable, profitable growth [3]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by August 29, 2025 [4]. - Registration allows shareholders to receive updates on the case and does not incur any costs or obligations [4]. Law Firm Information - The Gross Law Firm is leading the class action and is recognized for protecting investors' rights against deceit and fraud [5]. - The firm aims to hold companies accountable for misleading statements that inflate stock prices [5].

Core Viewpoint - A class action securities lawsuit has been filed against Petco Health and Wellness Company, Inc. for alleged securities fraud affecting investors between January 14, 2021, and June 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Petco's pandemic-related business advantages were not sustainable and that its business model, which focuses on premium pet food, was overstated [2]. - It is alleged that the defendants downplayed the severity of issues affecting Petco's business and the necessary changes to address these issues, which could negatively impact comparable sales [2]. - The lawsuit asserts that the defendants misrepresented Petco's ability to achieve sustainable and profitable growth, leading to materially false and misleading public statements [2]. Group 2: Next Steps for Investors - Investors who suffered losses in Petco during the specified timeframe have until August 29, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - Petco Health and Wellness Company, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between January 14, 2021, and June 5, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Petco's pandemic-related business advantages were not sustainable and that its business model, which focuses on premium pet food, was overstated [2] - It is alleged that the defendants minimized the true extent of the issues facing Petco, including the necessary changes to address these problems and the negative impacts on comparable sales [2] - The lawsuit asserts that the defendants misrepresented Petco's ability to achieve sustainable and profitable growth, leading to materially false and misleading public statements [2] Group 2: Next Steps for Investors - Investors who experienced losses in Petco during the specified timeframe have until August 29, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]

Core Viewpoint - Berger Montague is investigating potential securities fraud claims against Petco Health and Wellness Company, Inc. related to a class action lawsuit alleging misleading statements about the company's growth and business model sustainability [1][2]. Group 1: Allegations and Impact - The complaint claims that Petco made materially false and misleading statements regarding its pandemic-related growth and the sustainability of its premium pet food business model [2]. - Petco's stock price experienced significant declines, including a drop of over 20% on August 24, 2023, following a downward revision of its financial outlook [2]. - The lawsuit suggests that Petco's shift to include "value" pet food brands and multiple executive departures indicated deeper operational weaknesses, leading to increased losses for investors [3]. Group 2: Legal Proceedings - Investors who acquired Petco stock between January 14, 2021, and June 5, 2025, may seek lead plaintiff status in the case by August 29, 2025 [3].

Core Viewpoint - Petco Health and Wellness Company, Inc. is facing allegations related to misleading statements about its business model and growth potential during the pandemic period, leading to a class action lawsuit for shareholders who purchased shares between January 14, 2021, and June 5, 2025 [1] Group 1: Allegations Against Petco - The pandemic-related growth experienced by Petco was deemed unsustainable, questioning the viability of its premium pet food business model [1] - The strength of Petco's differentiated product strategy was overstated, suggesting that the company may not have a competitive edge as previously claimed [1] - Defendants allegedly downplayed the severity of issues affecting the company and the necessary changes to address these issues, which could negatively impact comparable sales metrics [1] - Public statements made by the defendants were claimed to be materially false and misleading, affecting investor perception and stock valuation [1] Group 2: Class Action Details - Shareholders are encouraged to register for the class action lawsuit by the deadline of August 29, 2025, to potentially become lead plaintiffs [1] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [1] - Participation in the case incurs no cost or obligation for the shareholders [1]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Petco Health and Wellness Company, Inc. securities between January 14, 2021, and June 5, 2025, of the upcoming lead plaintiff deadline on August 29, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Petco securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by August 29, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that throughout the Class Period, Petco's management made false and misleading statements regarding the sustainability of its pandemic-related growth and the viability of its business model focused on premium pet food [5]. - It is claimed that the strength of Petco's differentiated product strategy was overstated, and the true scope of issues affecting the company was downplayed [5]. - The lawsuit asserts that these misleading statements led to an overestimation of Petco's ability to achieve sustainable, profitable growth, resulting in investor damages when the truth was revealed [5].

Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the pandemic period [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Southern District of California on behalf of all individuals and entities who purchased Petco securities between January 14, 2021, and June 5, 2025 [1]. - Investors have until August 29, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Petco - The lawsuit claims that Petco's pandemic-related business advantages were unsustainable and that its business model focused on premium pet food was flawed [3]. - It is alleged that the strength of Petco's differentiated product strategy was overstated, and the company downplayed the severity of the issues it faced [3]. - The defendants are accused of overstating Petco's ability to achieve sustainable and profitable growth, which has negatively impacted its comparable sales metrics [3].