StockNews.AI
WOOF
StockNews.AI
20 days

SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Petco

1. Petco facing potential claims over misleading statements regarding business sustainability. 2. Investors can join a class action suit against Petco due by August 29, 2025. 3. Petco reported a 2.3% decline in net sales, causing stock price drop. 4. Allegations include overstating growth potential and downplaying significant issues. 5. Legal actions may impact investor sentiment and stock performance of WOOF.

5m saved
Insight
Article

FAQ

Why Very Bearish?

Petco's stock suffered a drastic decline after poor earnings. Legal actions often lead to further price declines based on historical cases like other class actions in retail.

How important is it?

The article details a significant legal challenge for Petco, which can drastically influence market perception and price. Given the large losses and ongoing class action, the method of communicating financial health raises concerns.

Why Short Term?

Immediate investor sentiment is negatively impacted due to the lawsuit and earnings decline. Similar past cases often see immediate pressure on stock prices due to fear and uncertainty.

Related Companies

PETCOAMZNCOSTTSN
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Petco To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Petco between January 14, 2021 and June 5, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Petco Health and Wellness Company, Inc. (“Petco” or the “Company”) (NASDAQ: WOOF) and reminds investors of the August 29, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing 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. On June 5, 2025, Petco issued a press release reporting its financial results for the first quarter of 2025.  Among other items, Petco reported net sales of $1.5 billion, representing a 2.3% year-over-year decline.  On this news, Petco’s stock price fell $0.85 per share, or 23.34%, to close at $2.78 per share on June 6, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.   Faruqi & Faruqi, LLP also encourages anyone with information regarding Petco’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Petco class action, go to www.faruqilaw.com/WOOF or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Related News