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Johnson Fistel Begins Investigation on Behalf of Petco Health and Wellness Company, Inc. Shareholders

1. Johnson Fistel investigating Petco for potential breaches of fiduciary duties. 2. Securities fraud class action alleges misleading statements by Petco executives. 3. Petco's growth may be overstated, especially post-pandemic. 4. Former shareholders encouraged to explore legal rights and remedies. 5. Investigation might impact corporate governance and stockholder value.

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Why Bearish?

The investigation indicates potential legal troubles and governance issues that could lower investor confidence. Historical cases in similar sectors demonstrate that companies under such scrutiny often face stock price declines due to uncertainty and mistrust among shareholders.

How important is it?

The investigation could significantly affect stockholder sentiments and governance practices. Past investigations have commonly led to financial ramifications for companies involved.

Why Short Term?

Immediate investor reactions may lead to stock price volatility as news develops. Historically, stock prices react negatively in the short term when such investigations arise, affecting perception and valuation.

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PETQCHEWYTSN
SAN DIEGO, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a leading stockholder rights law firm, has initiated an investigation into the board members and executive officers of Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) for potential breaches of fiduciary duties and violations of the federal securities laws. Current stockholders who held their Petco stock before January 14, 2021, are encouraged to contact Johnson Fistel to discuss their legal rights in this matter. In certain cases, you may be able to pursue changes to the company’s corporate governance practices, seek the recovery of funds for the company, and request a court-approved incentive award, all at no cost to you. You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/petco-health-and-wellness-company-inc What is Johnson Fistel Investigating?A recently filed securities fraud class action complaint alleges that Petco, via six of its officers, made materially false and misleading statements regarding Petco’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Petco’s pandemic-related tailwinds were unsustainable, as was its business model of selling primarily premium and/or high-grade pet food; (ii) accordingly, the strength of Petco’s differentiated product strategy was overstated; (iii) Defendants downplayed the true scope and severity of the foregoing issues, the magnitude of changes needed to rectify those issues, and the likely negative impacts of their mitigation strategy on Petco’s comparable sales metric; (iv) accordingly, Defendants overstated Petco’s ability to deliver sustainable, profitable growth; and (v) as a result, Defendants’ public statements were materially false and misleading at all relevant times. About Johnson Fistel, PLLP:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact:Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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