1. Petco faces a class action lawsuit for misleading statements. 2. Shareholders from January 2021 to June 2025 can join the suit. 3. Allegations imply overstating growth potential and business model sustainability. 4. Deadline for lead plaintiff registration is August 29, 2025. 5. Gross Law Firm aims to protect investor rights during litigation.
The class action lawsuit could further erode investor confidence in WOOF, similar to past litigation impacts on stocks like Peloton or Tesla, which plummeted during litigation as credibility issues surfaced.
The likelihood of legal challenges affecting stock performance is high, given historical data on similar situations in the market.
The immediate effects could be significant due to heightened scrutiny and potential financial implications like legal fees or settlements impacting quarterly earnings.
NEW YORK, Aug. 25, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF).
Shareholders who purchased shares of WOOF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/petco-loss-submission-form/?id=163009&from=4
CLASS PERIOD: January 14, 2021 to June 5, 2025
ALLEGATIONS: (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.
DEADLINE: August 29, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/petco-loss-submission-form/?id=163009&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of WOOF during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 29, 2025. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm