Berger Montague, a national securities litigation law firm announces it is investigating potential securities fraud claims involving Petco Health and Wellness Company, Inc. (“Petco” or the “Company”) (NASDAQ: WOOF), following the recent filing of a federal securities class action lawsuit.
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The complaint alleges that Petco made false and misleading statements about the sustainability of its pandemic-driven growth and premium product strategy. These alleged misstatements contributed to significant declines in Petco's stock price, including a drop of over 20% on August 24, 2023, and further substantial losses following subsequent financial disclosures and executive departures during the Class Period from January 14, 2021 through June 5, 2025.
The lawsuit also highlights Petco's efforts to adjust its product mix by adding lower-cost pet food options, which contrasted with prior public statements. This shift, along with multiple leadership changes and continued downward revisions to earnings guidance, underscored the severity of the Company's challenges and negatively impacted investor confidence.
Investors who purchased or acquired Petco securities during the Class Period may, no later than August 29, 2025, seek to be appointed as a lead plaintiff representative of the class.
If you are a Petco investor and would like to learn more about this action, CLICK HEREor please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.
About Berger MontagueBerger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, Chicago and Toronto, has been a pioneer in securities class action litigationsince its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
For more information or to discuss your rights, please contact:Andrew Abramowitz, Senior CounselBerger Montague(215) 875-3015aabramowitz@bergermontague.com
Caitlin AdorniBerger Montague(267) 764-4865cadorni@bergermontague.com
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