A lawsuit has been filed against Petco, the pet store chain is being sued by its stockholders claiming the company overstated its “ability to deliver sustainable, profitable growth”.
Quotes from the lawsuit…
“Petco represented that it was uniquely positioned to capitalize on the foregoing trends and drive sustainable, profitable growth based on its purported differentiated business strategy centered around, inter alia, healthy, premium pet foods containing no artificial ingredients.”
“However, contrary to Petco’s representations, as pandemic-related tailwinds eventually abated, the Company’s sales and profitability metrics began to plummet. Specifically, as early as mid-2023, the Company’s financial performance took a notable turn for the worse.”
“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.”
The lawsuit claims Petco’s stock prices fell from $5.19 per share on August 24, 2023 to $2.78 per share on June 6, 2025.
Click Here to view the complaint.
There are quite a few pet related companies that must answer to stockholders…
Chewy
Freshpet
Central Garden & Pet Company
BARK, Inc.
Nestle Purina
General Mills/Blue Buffalo
Colgate Palmolive Hill’s
Zoetis Inc.
Elanco Animal Health Inc.
Trupanion, Inc.
PetIQ, Inc.
Patterson Companies, Inc.
Something to consider…
Who would you rather purchase pet food from? A chain store that is obligated to their stock holders – or an independent pet food store whose attention is focused on their customers?
My answer: 100% Independent Pet Stores.
Many independently owned pet stores know every detail about each product they sell. Most thoroughly research each brand they sell, and if they don’t know the answer to your question – they have a direct line to the manufacturer to get you an answer. Numerous store owners have shared with us that they check the temperature of each shipment of frozen foods (before it’s even unloaded off the delivery truck). If the pet foods are not completely frozen, the shipment is refused. One store owner told us they ask each manufacturer they are considering if the pet food brand owns a copy of the AAFCO Official Publication (the pet food regulations book). Needless to say, many independent pet stores have done their homework.
Ask your pet food store what research is done on each brand they sell. You might be very surprised at their response (and become a faithful customer of independent pet stores).
Susan Thixton
Pet Food Safety Advocate
Author Buyer Beware, Co-Author Dinner PAWsible
TruthaboutPetFood.com
Association for Truth in Pet Food
Become a member of our pet food consumer Association. Association for Truth in Pet Food is a a stakeholder organization representing the voice of pet food consumers at AAFCO and with FDA. Your membership helps representatives attend meetings and voice consumer concerns with regulatory authorities. Click Here to learn more.
What’s in Your Pet’s Food?
Is your dog or cat eating risk ingredients? Chinese imports? Petsumer Report tells the ‘rest of the story’ on over 5,000 cat foods, dog foods, and pet treats. 30 Day Satisfaction Guarantee. Click Here to preview Petsumer Report. www.PetsumerReport.com
Find Healthy Pet Foods in Your Area Click Here
The 2025 List
Susan’s List of trusted pet foods. Click Here to learn more.
The 2025/26 Treat List
Susan’s List of trusted pet treat manufacturers. Click Here to learn more.