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, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars 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 - A shareholder class action lawsuit has been filed against Petco Health and Wellness Company, alleging that the company made materially false and misleading statements regarding its business operations and prospects, particularly concerning the sustainability of its pandemic-related growth and its premium product strategy [1] Summary by Relevant Sections - **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 [1] - It is alleged that the strength of Petco's differentiated product strategy was overstated [1] - The defendants are accused of downplaying the severity of the issues and the necessary changes to address them, which could negatively impact Petco's comparable sales [1] - The lawsuit asserts that Petco's ability to achieve sustainable and profitable growth was overstated [1] - **Legal Information for Affected Shareholders** - 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 for shareholders to request to be appointed as lead plaintiff in the case is August 29, 2025 [3] - **Law Firm Background** - Holzer & Holzer, LLC is noted as a top-rated securities litigation law firm, specializing in representing shareholders in class action and derivative litigation [3] - The firm has a history of recovering hundreds of millions of dollars for shareholders affected by corporate misconduct since its founding in 2000 [3]

Group 1 - The core issue involves potential securities fraud claims against Petco Health and Wellness Company, linked to a class action lawsuit regarding misleading statements about its pandemic-related growth and the sustainability of its premium pet food business model [1][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, compounded by leadership changes and ongoing operational challenges [2][3] - The lawsuit highlights 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 - The class period for the lawsuit is defined as January 14, 2021, through June 5, 2025, allowing investors who acquired Petco stock during this timeframe to seek lead plaintiff status by August 29, 2025 [3] - Berger Montague, the firm investigating the claims, has a long history in securities class action litigation, representing investors for over five decades [5]

Core Viewpoint - Petco Health and Wellness Company, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its business model and growth prospects during the pandemic [1] Allegations Summary - Allegation 1: Petco's pandemic-related growth was unsustainable, and its business model focused on premium pet food was flawed [1] - Allegation 2: The strength of Petco's differentiated product strategy was overstated [1] - Allegation 3: Defendants downplayed the severity of issues and the necessary changes to address them, impacting comparable sales [1] - Allegation 4: Defendants exaggerated Petco's ability to achieve sustainable, profitable growth [1] - Allegation 5: Public statements made by defendants were materially false and misleading [1] Class Action Details - Class period for the lawsuit is from January 14, 2021, to June 5, 2025 [1] - Deadline for shareholders to register for the class action is August 29, 2025 [1] - Shareholders can enroll in a portfolio monitoring software for updates on the case [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 Petco 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 product strategy was overstated, and the company downplayed the severity of issues affecting its business [5]. - The lawsuit asserts that these misrepresentations led to investor damages when the true situation was revealed [5].

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] - Defendants allegedly downplayed the severity of issues affecting Petco's business and the necessary changes to address these issues, leading to an overstatement of the company's ability to achieve sustainable growth [2] - Public statements made by the defendants were claimed to be materially false and misleading throughout the relevant period [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 this [3] - Class members may be entitled to 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]

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].