Core Viewpoint - Petco Health and Wellness Company, Inc. is facing allegations related to misleading statements about its business model and growth potential during the pandemic period, leading to a class action lawsuit for shareholders who purchased shares between January 14, 2021, and June 5, 2025 [1] Group 1: Allegations Against Petco - The pandemic-related growth experienced by Petco was deemed unsustainable, questioning the viability of its premium pet food business model [1] - The strength of Petco's differentiated product strategy was overstated, suggesting that the company may not have a competitive edge as previously claimed [1] - Defendants allegedly downplayed the severity of issues affecting the company and the necessary changes to address these issues, which could negatively impact comparable sales metrics [1] - Public statements made by the defendants were claimed to be materially false and misleading, affecting investor perception and stock valuation [1] Group 2: Class Action Details - Shareholders are encouraged to register for the class action lawsuit by the deadline of August 29, 2025, to potentially become lead plaintiffs [1] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [1] - Participation in the case incurs no cost or obligation for the shareholders [1]
Shareholders of Petco Health and Wellness Company, Inc. Should Contact The Gross Law Firm Before August 29, 2025 to Discuss Your Rights - WOOF