WOOF Investors Have the Opportunity to Lead the Petco Securities Fraud Lawsuit with Faruqi & Faruqi, LLP

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Petco Health and Wellness Company, Inc. due to allegations of misleading statements and failure to disclose critical business issues, with a deadline for investors to seek lead plaintiff status in a federal securities class action by August 29, 2025 [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $100,000 in Petco between January 14, 2021, and June 5, 2025, to discuss their legal rights [1]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. - The complaint alleges that Petco's pandemic-related business advantages were unsustainable and that the company overstated its product strategy and growth potential [4]. Group 2: 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]. Group 3: Class Action Details - The lead plaintiff in a class action is the investor with the largest financial interest who directs the litigation on behalf of the class [6]. - Any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [6]. Group 4: Additional Information - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Petco's conduct [7]. - For more details on the class action, interested parties can visit the firm's website or contact the partner directly [7].