PETCO ALERT: Bragar Eagel & Squire, P.C. Reminds Petco Health and Wellness Investors that a Class Action Lawsuit Has Been Filed and Encourages Investors to Contact the Firm
Petco Health and Wellness panyPetco Health and Wellness pany(US:WOOF) GlobeNewswire News Room·2025-07-16 23:30

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 and operations during the pandemic period [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of California on behalf of investors who purchased Petco securities between January 14, 2021, and June 5, 2025 [1]. - Investors have until August 29, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Petco - The lawsuit alleges that Petco's pandemic-related business advantages were unsustainable and that its business model focused on premium pet food was flawed [3]. - It is claimed that the strength of Petco's differentiated product strategy was overstated, and the company downplayed the severity of the issues it faced [3]. - The defendants are accused of overstating Petco's ability to achieve sustainable and profitable growth [3].