SHAREHOLDER ACTION REMINDER: 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, particularly regarding misleading statements about the sustainability of its business model and financial performance [4][6]. Group 1: Legal Investigation - The firm is encouraging investors who suffered losses in Petco to contact them to discuss their legal options [1]. - There is a deadline of August 29, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Petco [4]. - The investigation is focused on claims that Petco and its executives made false or misleading statements regarding the company's business model and financial health [6]. Group 2: Financial Performance - Petco reported net sales of $1.5 billion for the first quarter of 2025, which represents a 2.3% year-over-year decline [7]. - Following the release of these financial results, Petco's stock price fell by $0.85 per share, or 23.34%, closing at $2.78 per share on June 6, 2025 [7]. Group 3: Allegations of Misconduct - The complaint alleges that Petco's pandemic-related growth was unsustainable and that the company overstated its product strategy's effectiveness [6]. - It is claimed that the executives downplayed the severity of issues affecting the company and the necessary changes to address them, leading to an overestimation of Petco's ability to achieve sustainable growth [6].