Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Petco Health and Wellness Company, Inc. (WOOF)

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].