Legal Action Initiated Against Petco: Investors Urged to Join Class Action Lawsuit

Bragar Eagel & Squire, P.C., a prominent law firm specializing in shareholder rights, has announced the filing of a class action lawsuit targeting Petco Health and Wellness Company, Inc. (NASDAQ: WOOF). The suit, lodged in the U.S. District Court for the Southern District of California, seeks to represent all investors who purchased or acquired Petco securities from January 14, 2021, through June 5, 2025. The firm encourages affected shareholders to contact them by August 29, 2025, to seek lead plaintiff status. The lawsuit alleges that Petco's management made false or misleading statements and failed to disclose critical adverse information concerning the company's operations and future prospects. Specifically, it claims that Petco overstated the sustainability of its pandemic-driven growth, its premium pet food business model, and the effectiveness of its product differentiation strategy. The complaint also asserts that the company minimized the extent of issues impacting its sales and profitability, thereby overstating its ability to achieve consistent, profitable growth. Investors who experienced losses, hold long-term shares, or seek more details about these claims are encou...