The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Petco Health and Wellness Company, Inc.(WOOF) Shareholders

Core Points - The Gross Law Firm is notifying shareholders of Petco Health and Wellness Company, Inc. regarding potential lead plaintiff appointments in a class action lawsuit [1] - The class period for the allegations against Petco spans from January 14, 2021, to June 5, 2025 [2] - Allegations include unsustainable pandemic-related growth, overstated product strategy effectiveness, and misleading public statements regarding the company's growth potential [2] Allegations Summary - Petco's pandemic-related growth was deemed unsustainable, questioning the viability of its premium pet food business model [2] - The effectiveness of Petco's differentiated product strategy was overstated, leading to concerns about the company's true market position [2] - Defendants allegedly downplayed the severity of operational issues and the necessary changes to address them, impacting comparable sales metrics [2] - Public statements made by the defendants were claimed to be materially false and misleading throughout the relevant period [2] Next Steps for Shareholders - Shareholders are encouraged to register for the class action by the deadline of August 29, 2025, to monitor the case's progress [3] - Registration allows shareholders to receive updates through portfolio monitoring software [3] - Participation in the case incurs no cost or obligation for shareholders [3]