Robbins LLP Reminds Petco Health and Wellness Company, Inc. Investors with Large Losses to Contact the Firm for Information About the WOOF Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for allegedly misleading investors about its business prospects during the pandemic [1][2]. Allegations - The lawsuit claims that Petco's pandemic-related growth was not sustainable and that its business model, which focuses on premium pet food, was overstated [2]. - It is alleged that the company downplayed the severity of issues affecting its business and the necessary changes to address these issues, which negatively impacted its sales metrics [2]. - The complaint states that Petco overstated its ability to achieve sustainable and profitable growth, leading to a decline in stock price when the truth was revealed [2]. Class Action Participation - Investors may be eligible to participate in the class action against Petco and can contact Robbins LLP if they wish to serve as lead plaintiffs [3]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [3]. Company Background - Robbins LLP is a law firm specializing in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4].