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Pets at Home ( (GB:PETS) ) has provided an announcement.
Pets at Home has appointed former Waitrose managing director James Bailey as its new chief executive officer, effective 30 March 2026, ending the interim period in which chair Ian Burke has been serving as executive chair. Bailey brings more than two decades of senior retail experience, including leading Waitrose through the pandemic and high-inflation environment, driving sales and profit growth, and relaunching Waitrose’s online operations. The board said his track record in both store-based and digital retail aligns with Pets at Home’s ambition to sharpen the performance of its retail business, signalling a renewed operational and commercial focus as the company seeks to strengthen its position in the competitive UK pet care market. Bailey’s pay package, broadly in line with the outgoing CEO’s terms, includes a base salary of £639,770, bonus potential of up to 170% of salary and a proposed long-term share award of 250% of salary, underscoring the board’s intent to align his incentives with shareholders as he steers the group’s next phase of growth.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £243.00 price target. To see the full list of analyst forecasts on Pets at Home stock, see the GB:PETS Stock Forecast page.
Spark’s Take on GB:PETS Stock
According to Spark, TipRanks’ AI Analyst, GB:PETS is a Outperform.
Pets at Home’s overall score reflects strong financial performance and attractive valuation, supported by a high dividend yield. The ongoing share buyback program is a positive corporate action, although recent retail challenges and a profit warning introduce some risk factors.
To see Spark’s full report on GB:PETS stock, click here.
More about Pets at Home
Pets at Home Group Plc is the UK’s leading pet care business, offering advice, products and services for pets and their owners through more than 450 pet care centres and a strong online presence. Many of its locations include veterinary practices and grooming salons, and the group also runs a major small animal veterinary network with over 440 general practices operating both within its centres and at standalone sites.
Average Trading Volume: 827,305
Technical Sentiment Signal: Strong Sell
Current Market Cap: £899.2M
See more data about PETS stock on TipRanks’ Stock Analysis page.