Petco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability

Reuters

2025/08/07

Petco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability

A class action lawsuit has been filed against Petco Health and Wellness Company Inc., headquartered in San Diego, CA, alleging securities fraud. The lawsuit claims that Petco made materially false and misleading statements about its pandemic-driven growth and the sustainability of its premium pet food business model. Investors experienced significant losses as the company's stock price dropped sharply, notably by over 20% on August 24, 2023, following a downward revision of its financial outlook. The complaint also highlights issues related to Petco's shift towards "value" pet food brands and multiple executive departures, suggesting deeper operational challenges. Investors who purchased Petco stock between January 14, 2021, and June 5, 2025, may seek lead plaintiff status by August 29, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 261672) on August 07, 2025, and is solely responsible for the information contained therein.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2557562724"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2557562724\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2557562724?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-07 23:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2557562724","market":"nz","top_or_hot":-1,"title":"Petco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Petco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        A class action lawsuit has been filed against <a href=\"https://laohu8.com/S/WOOF\">Petco Health and Wellness</a> Company Inc., headquartered in San Diego, CA, alleging securities fraud. The lawsuit claims that Petco made materially false and misleading statements about its pandemic-driven growth and the sustainability of its premium pet food business model. Investors experienced significant losses as the company's stock price dropped sharply, notably by over 20% on August 24, 2023, following a downward revision of its financial outlook. The complaint also highlights issues related to Petco's shift towards \"value\" pet food brands and multiple executive departures, suggesting deeper operational challenges. Investors who purchased Petco stock between January 14, 2021, and June 5, 2025, may seek lead plaintiff status by August 29, 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 261672) on August 07, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Petco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPetco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-07 23:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Petco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        A class action lawsuit has been filed against <a href=\"https://laohu8.com/S/WOOF\">Petco Health and Wellness</a> Company Inc., headquartered in San Diego, CA, alleging securities fraud. The lawsuit claims that Petco made materially false and misleading statements about its pandemic-driven growth and the sustainability of its premium pet food business model. Investors experienced significant losses as the company's stock price dropped sharply, notably by over 20% on August 24, 2023, following a downward revision of its financial outlook. The complaint also highlights issues related to Petco's shift towards \"value\" pet food brands and multiple executive departures, suggesting deeper operational challenges. Investors who purchased Petco stock between January 14, 2021, and June 5, 2025, may seek lead plaintiff status by August 29, 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 261672) on August 07, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WOOF","symbol_name":"Petco Health and Wellness Company, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250807:nNDLbr4nFH:1","article_id":"2557562724","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557562724","pubTimestamp":1754581013,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"A class action lawsuit has been filed against Petco Health and Wellness Company Inc., headquartered in San Diego, CA, alleging securities fraud. The lawsuit claims that Petco made materially false and misleading statements about its pandemic-driven growth and the sustainability of its premium pet food business model. Investors experienced significant losses as the company's stock price dropped sharply, notably by over 20% on August 24, 2023, following a downward revision of its financial outlook. The complaint also highlights issues related to Petco's shift towards \"value\" pet food brands and multiple executive departures, suggesting deeper operational challenges. Investors who purchased Petco stock between January 14, 2021, and June 5, 2025, may seek lead plaintiff status by August 29, 2025.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WOOF":"Petco Health and Wellness Company, Inc.","BK4200":"专卖店"},"translate_title":"Petco因被指控在增长和商业模式可持续性方面误导投资者而面临证券欺诈诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOOF":0.9},"content_text":"Petco Faces Securities Fraud Lawsuit Amid Allegations of Misleading Investors on Growth and Business Model Sustainability\n    \n\n        A class action lawsuit has been filed against Petco Health and Wellness Company Inc., headquartered in San Diego, CA, alleging securities fraud. The lawsuit claims that Petco made materially false and misleading statements about its pandemic-driven growth and the sustainability of its premium pet food business model. Investors experienced significant losses as the company's stock price dropped sharply, notably by over 20% on August 24, 2023, following a downward revision of its financial outlook. The complaint also highlights issues related to Petco's shift towards \"value\" pet food brands and multiple executive departures, suggesting deeper operational challenges. Investors who purchased Petco stock between January 14, 2021, and June 5, 2025, may seek lead plaintiff status by August 29, 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 261672) on August 07, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"policyRegulatory,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}