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PETCO ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Petco Health and Wellness Company, Inc. and Encourages Investors to Contact the Firm
Petco Health and Wellness panyPetco Health and Wellness pany(US:WOOF) GlobeNewswire News Roomยท2025-07-02 01:00

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].