Petco Health and Wellness Company, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. August 29, 2025 Deadline to file Lead Plaintiff Motion
Petco Health and Wellness panyPetco Health and Wellness pany(US:WOOF) GlobeNewswire News Room·2025-07-28 20:03

Core Viewpoint - Petco Health and Wellness Company, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its business model and financial performance during the pandemic [1][3]. Group 1: Class Action Details - The class action represents investors who purchased Petco securities between January 14, 2021, and June 5, 2025, with a deadline of August 29, 2025, for filing a lead plaintiff motion [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Allegations Against Petco - The complaint alleges that Petco made materially false and misleading statements about the impact of pandemic-driven growth and the sustainability of its premium pet food business model [3]. - It is claimed that the company overstated its ability to achieve profitable growth while downplaying ongoing operational challenges [3]. - Following a downward revision of its financial guidance, Petco's stock dropped over 20% on August 24, 2023, and continued to decline after further disclosures and changes in executive leadership [3].