Petco Health and Wellness pany(US:WOOF) Prnewswireยท2025-07-15 14:22Core 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 - The law firm is encouraging investors who suffered losses 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]. Group 2: Allegations Against Petco - The complaint alleges that Petco's pandemic-related business advantages were unsustainable and that its business model focused on premium pet food was overstated [4]. - It is claimed that the executives downplayed the severity of issues affecting the company and overstated its ability to achieve sustainable growth [4]. Group 3: Financial Performance - On June 5, 2025, Petco reported first-quarter net sales of $1.5 billion, 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].