INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Petco

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Petco Health and Wellness Company, Inc. due to allegations of violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by August 29, 2025 [3][5]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses in Petco between January 14, 2021, and June 5, 2025, to discuss their legal options [1][3]. - A federal securities class action has been filed against Petco, with a reminder of the August 29, 2025, deadline for seeking lead plaintiff status [3][7]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [4]. Group 2: Allegations Against Petco - The complaint alleges that Petco and its executives made false and misleading statements regarding the sustainability of its pandemic-related growth and business model [5]. - Specific allegations include overstating the strength of Petco's product strategy and downplaying the severity of operational issues [5]. - The complaint claims that these misrepresentations led to an overestimation of Petco's ability to achieve sustainable, profitable growth [5]. Group 3: Financial Performance - On June 5, 2025, Petco reported first-quarter financial results, revealing net sales of $1.5 billion, which is a 2.3% decline year-over-year [6]. - Following the financial report, Petco's stock price dropped by $0.85 per share, or 23.34%, closing at $2.78 per share on June 6, 2025 [6].