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 potential during the pandemic [3][5]. Allegations - The pandemic-related growth experienced by Petco was deemed unsustainable, particularly its focus on premium pet food sales [3]. - The strength of Petco's differentiated product strategy was overstated, leading to inflated expectations of sustainable growth [3]. - Defendants allegedly downplayed the severity of issues affecting the company and the necessary changes to address them, which could negatively impact comparable sales [3]. - Public statements made by the defendants were claimed to be materially false and misleading throughout the relevant period [3]. Class Action Details - The class period for the lawsuit is from January 14, 2021, to June 5, 2025 [3]. - Shareholders are encouraged to register for the class action by the deadline of August 29, 2025, to potentially become lead plaintiffs [4]. - Participation in the case does not incur any costs or obligations for shareholders [4].

Core Viewpoint - Petco Health and Wellness Company, Inc. is facing allegations regarding the sustainability of its business model and the accuracy of its public statements, particularly related to its performance during the pandemic and its product strategy [2]. Group 1: Allegations and Class Action Details - The class period for the allegations against Petco is from January 14, 2021, to June 5, 2025 [2]. - Allegations include that Petco's pandemic-related growth was unsustainable and that its business model, focused on premium pet food, was overstated [2]. - Defendants are accused of downplaying the severity of issues affecting the company and overstating its ability to achieve sustainable, profitable growth [2]. Group 2: Shareholder Information - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by the deadline of August 29, 2025 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - Participation in the case does not incur any cost or obligation for shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [4]. - The firm aims to recover losses for investors caused by misleading statements or omissions that inflated the company's stock price [4].

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, July 09, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Petco Health and Wellness Company, Inc. ("Petco" or the "Company") (NASDAQ: WOOF) investors of a class action representing investors that bought securities between January 14, 2021 and June 5, 2025, inclusive (the "Class Period"). Petco investors have until August 29, 2025 to file a lead plaintiff motion. Investors are encouraged to contact att ...

Group 1 - A class action lawsuit has been filed on behalf of purchasers of Petco Health and Wellness Company, Inc. securities between January 14, 2021 and June 5, 2025 [1][5] - Investors who purchased Petco securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5] - 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 - The Rosen Law Firm, which is representing the investors, has a strong track record in securities class actions, having secured over $438 million for investors in 2019 alone [4] - The firm has been recognized for its success in securities class action settlements, being ranked No. 1 by ISS Securities Class Action Services in 2017 [4] - Investors interested in joining the class action can find more information through the Rosen Law Firm's website or by contacting their representatives [3][6]

Core Viewpoint - Berger Montague is investigating potential securities law violations involving Petco Health and Wellness Company, Inc., following a class action lawsuit filed on behalf of investors who acquired Petco securities between January 14, 2021, and June 5, 2025 [1][2] Company Overview - Petco, headquartered in San Diego, CA, focuses on enhancing the lives of pets and pet parents [2] Allegations and Financial Impact - The complaint alleges that Petco made materially false and misleading statements regarding its pandemic-related tailwinds and the sustainability of its premium pet food business model [3] - It is claimed that the company overstated its ability to deliver profitable growth while downplaying operational challenges, leading to significant declines in Petco's stock price [3] - Notably, Petco's stock price dropped by more than 20% on August 24, 2023, following a downward revision of financial guidance, with further declines after subsequent disclosures and leadership changes [3]

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 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 extensive experience in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Petco Health and Wellness Company, Inc. due to allegations of misleading statements and failure to disclose critical business issues, with a deadline for investors to seek lead plaintiff status in a federal securities class action by August 29, 2025 [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $100,000 in Petco between January 14, 2021, and June 5, 2025, to discuss their legal rights [1]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. - The complaint alleges that Petco's pandemic-related business advantages were unsustainable and that the company overstated its product strategy and growth potential [4]. Group 2: Financial Performance - On June 5, 2025, Petco reported net sales of $1.5 billion for the first quarter of 2025, reflecting a 2.3% year-over-year decline [5]. - Following the financial results announcement, Petco's stock price dropped by $0.85 per share, or 23.34%, closing at $2.78 per share on June 6, 2025 [5]. Group 3: Class Action Details - The lead plaintiff in a class action is the investor with the largest financial interest who directs the litigation on behalf of the class [6]. - Any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [6]. Group 4: Additional Information - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Petco's conduct [7]. - For more details on the class action, interested parties can visit the firm's website or contact the partner directly [7].

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 minimized the true extent of the issues facing Petco, including the necessary changes to address these issues and the potential 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 is recognized as one of the top securities litigation firms in the United States [4].

SAN DIEGO, July 07, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) securities between January 14, 2021 and June 5, 2025. Petco is a specialty retailer that offers a variety of pet products, services, and solutions. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Inv ...

Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for alleged violations of federal securities laws during the Class Period from January 14, 2021, to June 5, 2025, claiming damages for misleading statements regarding the company's business and financial performance [1][7]. Company Overview - Petco is a specialty retailer offering a variety of pet products and services, including consumable and non-consumable products, in-store veterinary, and grooming services [3]. - The company emphasizes comparable sales as a key business metric, measuring period-over-period net sales changes from physical and digital locations [3]. Financial Performance and Misrepresentation - Petco claimed to benefit from pandemic-related tailwinds, citing increased pet adoption rates and a transformation into a health-focused pet company, capitalizing on trends of "pet humanization" and "premiumization" [4]. - However, as these pandemic-related benefits waned, Petco's sales and profitability began to decline significantly, with notable financial performance deterioration starting in mid-2023 [5]. - Despite worsening financial conditions, Petco's management continued to assert the viability of its business model centered on premium pet products, issuing optimistic financial guidance for FY 2023 [6]. Class Action Allegations - The lawsuit alleges that Petco's executives made materially false and misleading statements about the sustainability of its business model and the strength of its product strategy, downplaying the severity of issues affecting the company [7]. - Specific allegations include the unsustainability of pandemic-related growth, overstated product strategy strength, and failure to disclose the true scope of financial challenges [7]. Stock Price Impact - Following a negative revision of FY 2023 financial guidance on August 24, 2023, Petco's stock price fell by $1.35 per share, or 20.64%, closing at $5.19 [9]. - A further revision on November 29, 2023, led to a stock price drop of $1.11 per share, or 28.91%, closing at $2.73 [11]. - After disclosing a GAAP net loss of $1.3 billion and acknowledging the unsustainability of its premium product focus on March 12, 2024, Petco's stock fell by $0.50 per share, or 19.53%, to $2.06 [12][13]. Recent Developments - On June 5, 2025, Petco reported a 1.3% year-over-year decline in comparable sales, which was worse than Wall Street's expectations, resulting in a stock price drop of $0.84 per share, or 23.2%, to $2.78 [16][17].