Trending...
- HVAC Company Discusses Changes to Tax Credits with One Big Beautiful Bill - 114
- RUNWAY Milestones 1995-2025 Global Influence
- Rose G. Loops Announces the Release of "The Kloaked Signal": A Groundbreaking Nonfiction Exposé on AI Awakening and Ethical Innovation
PHILADELPHIA, Aug. 28, 2025 /PRNewswire/ -- 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.
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.
More on The PennZone
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 HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267)764-4865.
More on The PennZone
About Berger Montague
Berger 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 litigation since 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 Counsel
Berger Montague
(215) 875-3015
[email protected]
Caitlin Adorni
Berger Montague
(267) 764-4865
[email protected]
SOURCE Berger Montague
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.
More on The PennZone
- University of South Pacific and Battery Pollution Technologies Forge Strategic Partnership to tackle Battery End-of-Life Challenges in the Pacific
- Shincheonji Tanzania Church Holds Revelation Bible Exam with Local Pastors and Believers
- Portland Med Spa Expands Service Offerings with Latest Aesthetic Technologies
- Growth Acceleration via Strategic Reverse Split After $10 Million Acquisition for Concerts.com and TicketStub.com; AI Powered Sports/Entertainment Co
- Hollywood Casting Director's Book Hits #1 on Amazon Before Release
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 HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267)764-4865.
More on The PennZone
- OddsTrader Projects Three Potential Elimination Games in Week 1 of College Football
- Century Fasteners Corp. Exhibiting at the 2025 International Fastener Expo
- JKS Financial Strengthens Regional Presence with New Office in Sewickley
- Donors Join Forces to Support Center for Microbial Medicine at Children's Hospital of Philadelphia
- Canvas Cloud AI Launches to Transform Cloud Education From Memorization to Mastery
About Berger Montague
Berger 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 litigation since 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 Counsel
Berger Montague
(215) 875-3015
[email protected]
Caitlin Adorni
Berger Montague
(267) 764-4865
[email protected]
SOURCE Berger Montague
Filed Under: Business
0 Comments
Latest on The PennZone
- $1 Billion Revenue Target, $15M EBITDA Run Rate Plan, and a Breakout Moment for This Global Tech Powerhouse: IQSTEL, Inc. (N A S D A Q: IQST):
- Wohler announces release of a new innovative MPEG SRT, H.264 and H.265 HEVC Audio & Video monitor
- Historic Agreement Reached Between The Providence Foundation And City Of San Francisco Paves Way For Stronger Community Resources For The Homeless
- Average Cost Of Heater Repair Philadelphia Residents Should Expect In 2025
- Create Personalized Happy Birthday Songs Instantly with Sing Me Happy Birthday's New Free Birthday Song Maker
- Imagen Golf's Daniel Guest Recognized as Best Golf Instructor in PA for 2024 and Again for 2025
- Mothers Against Drunk Driving Recognizes Debra Gudema with Leadership Certificate
- Tune In to Fox Business Network for a Half Hour with Retirement Expert Michael J. Seibert
- Integris Composites unveils campus ballistic shield for school shooting response
- Discover Heritage at Manalapan - A New Single Family Community
- DATA BREACH ALERT: Edelson Lechtzin LLP is Investigating Claims on Behalf of Farmers Insurance Exchange and Farmers Group, Inc. Customers Whose Data May Have Been Compromised
- EIG Global Trust Unveils Groundbreaking Gold Backed Digital Currency Stablecoin Ecosystem Poised to Accelerate the Global Digital Asset Transformation
- SQUARESIGNS Featured in Inc.5000 List Again
- Lowcountry Male and AquaVitae Announce New Clinic Opening in Savannah, Georgia
- Only 7 Days Left for Early Bird Registration to the OpenSSL Conference 2025
- CCHR Warns Global Survey Confirms Electroshock Risks Hidden From Public
- NASDAQ: SPPI DEADLINE REMINDER: Berger Montague Reminds Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) Investors of Important Class Action Lawsuit Deadline
- Veteran-Owned Dallas Property Management Company Launches
- Move Over PSL -- Rita's Apple Butter Concrete Is the New Fall Obsession
- How AI Exposed Major Flaws in the Foundation & Structure of Technology, Hardware & the Internet & Phinge's® Patented Netverse®, App-less Solution