Pricing PowerSharpened food pricing relative to online competitors indicates strengthened pricing power in a key product area, creating potential for margin improvement if sustained.
Retail TurnaroundRetail Turnaround Plan focusing on product, price, cost and execution supports recovery in retail like-for-like sales and volumes, helping to restore margins despite earlier price investment.
Veterinary OperationsRobust Veterinary operations continue to provide steady revenue and profit support for the group, lowering overall earnings volatility and supporting resilience in results.