PHILADELPHIA, July 2, 2025 /PRNewswire/ -- Berger Montague, a nationally recognized securities litigation law firm, is investigating potential securities law violations involving Petco Health and Wellness Company, Inc. ("Petco" or the "Company") (NASDAQ: WOOF). A class action lawsuit was recently filed on behalf of investors who acquired Petco securities between January 14, 2021 and June 5, 2025 (the "Class Period").Investor Deadline: Investors who purchased or acquired Petco securities during the Class Per ...

Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its business model and growth prospects [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to Petco's securities purchased between January 14, 2021, and June 5, 2025, during which investors are encouraged to participate if they suffered losses [2]. - The Schall Law Firm is representing investors and has not yet certified the class in this case [3]. Group 2: Allegations Against Petco - The complaint alleges that Petco's business model of selling premium pet food was unsustainable and that the company overstated the impact of its differentiated product strategy [4]. - It is claimed that Petco downplayed significant challenges that could negatively affect sales and overstated opportunities for sustainable growth [4]. - The lawsuit asserts that Petco's public statements were false and materially misleading, leading to investor damages when the truth was revealed [4].

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 [1][3]. Summary by Relevant Sections 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 be appointed as lead plaintiff in the lawsuit [1]. Allegations Against Petco - The lawsuit claims that Petco's pandemic-related growth was 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 [3]. - The defendants are accused of downplaying the severity of operational issues and the necessary changes to address them, which could negatively impact Petco's comparable sales [3]. - The lawsuit asserts that Petco's ability to achieve sustainable and profitable growth was overstated [3]. Contact Information - For those affected or seeking more information, contact details for Bragar Eagel & Squire, P.C. are provided, including email and phone number [4][7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Petco Health and Wellness Company, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements about the sustainability of its business model and financial performance [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $75,000 in Petco between January 14, 2021, and June 5, 2025, to discuss their legal options [1]. - There is an August 29, 2025, deadline for investors to seek the role of lead plaintiff in a federal securities class action against Petco [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Petco - The complaint alleges that Petco and its executives made false and misleading statements regarding the sustainability of its pandemic-related growth and the viability of its premium pet food business model [4]. - It is claimed that the company overstated its ability to deliver sustainable, profitable growth and downplayed the severity of operational issues [4]. Group 3: 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].

Core Viewpoint - A securities class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for allegedly making false and misleading statements regarding its business performance and growth prospects during the pandemic period [1][2]. Financial Performance - On August 24, 2023, Petco revised its FY 2023 adjusted EBITDA guidance down to a range of $460 million to $480 million from a previous range of $520 million to $540 million, and adjusted EPS guidance down to $0.24 to $0.30 from $0.40 to $0.48, citing a shift in consumer spending and pressures on discretionary business [3]. - Following the negative guidance announcement, Petco's stock price dropped by $1.35 per share, or 20.64%, closing at $5.19 per share on August 24, 2023 [3]. Legal Proceedings - The class action lawsuit covers all individuals or entities that purchased Petco securities between January 14, 2021, and June 5, 2025, and alleges that the company overstated its business model's sustainability and growth potential [1][2]. - Investors are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on August 29, 2025, to discuss their rights regarding the class action [4].

Core Points - A shareholder class action lawsuit has been filed against Petco Health and Wellness Company, Inc. alleging that the company made materially false and misleading statements regarding its business and operations [1] - The lawsuit claims that Petco's pandemic-related growth was unsustainable and that its business model focused on premium pet food was overstated [1] - Defendants are accused of downplaying the severity of issues affecting Petco's business and overstating the company's ability to achieve sustainable, profitable growth [1] Legal Information - Shareholders who purchased Petco shares between January 14, 2021, and June 5, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request lead plaintiff status in the lawsuit is August 29, 2025 [3] - Holzer & Holzer, LLC is representing shareholders in this litigation and has a history of recovering significant amounts for investors affected by corporate misconduct [3]

Group 1 - A class action has been filed against Petco Health and Wellness Company, Inc. for misleading investors regarding its business prospects during the period from January 14, 2021, to June 5, 2025 [1][2] - Allegations include that Petco's pandemic-related growth was unsustainable and that the company overstated its ability to deliver sustainable, profitable growth [2] - The complaint highlights that the true scope of issues affecting Petco's business model and sales metrics was downplayed by the defendants [2] Group 2 - Shareholders may participate in the class action and can contact Robbins LLP if they wish to serve as lead plaintiff [3] - The representation in the class action is on a contingency fee basis, meaning shareholders pay no fees or expenses [4] - Robbins LLP has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]

NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Petco Health and Wellness Company, Inc. (“Petco” or the “Company”) (NASDAQ: WOOF).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Petco and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class act ...

NEW YORK, June 17, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Petco Health and Wellness Company, Inc. ("Petco" or the "Company") (NASDAQ: WOOF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Petco and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On Jun ...

I focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I ...