Pets at Home ( (GB:PETS) ) has provided an update.
Pets at Home Group Plc announced its FY25 pre-close statement, reporting an expected underlying profit before tax of £133m, aligning with previous guidance. The company has completed significant strategic initiatives, including the transition of online sales to a single distribution center and the launch of a new digital platform, setting the stage for potential sales growth in FY26. Despite challenging market conditions, Pets at Home plans to expand its Vet Group and invest in new insurance propositions while managing cost pressures in its retail segment. The company anticipates a decline in group underlying profit before tax for FY26, projecting it to be between £115-125m, as it navigates subdued market growth and inflationary challenges.
More about Pets at Home
Pets at Home Group Plc is the UK’s leading pet care business, offering a range of products and services for pets and their owners. The company operates over 450 pet care centers, many of which include vet practices and grooming salons, and runs a leading small animal veterinary business with over 440 veterinary practices.
YTD Price Performance: 14.98%
Average Trading Volume: 1,366,389
Technical Sentiment Signal: Buy
Current Market Cap: £1.07B
See more data about PETS stock on TipRanks’ Stock Analysis page.