Pets at Home update gets mixed reception from analysts
Pets at Home Group PLC (LSE:PETS) results and strategy update offered some encouragement, but not all analysts saw it as changing the picture much. Peel Hunt analyst Jonathan Pritchard said the interims "reflected a poor half of trading on the retail side, and a solid half in vets".
Pets At Home's Shares Purr As Retailer Avoids Fresh Profit Warning
Despite news of further weak trading, Pets at Home's share price spiked on Wednesday as the retailer averted another confidence-crushing profit warning.
Pets at Home launches cost cutting programme under interim boss as profits tumble
Pets at Home Group PLC (LSE:PETS) reported a decline in first-half profit and launched a four-part turnaround strategy for its retail division, with interim executive chair Ian Burke setting out plans to stabilise performance following the sudden exit of CEO Lyssa McGowan in September. Retail underlying profit before tax fell 84.1% to £3.5 million in the first half, against a broadly flat market, while consumer revenue edged up 0.7% to £1.06 billion, driven by a 6.7% increase in veterinary sales as retail revenue declined 2.3%.
Pets at Home rallies, broker sticks to 'buy' rating despite last week's profit warning
Analysts at Jefferies have clipped their price target for Pets at Home Group PLC (LSE:PETS), from 330p to 250p, after last week's profit warning. The American broker, nevertheless, is sticking with a 'Buy', for now at least, saying the share's value is supported by the group's Veterinary division.
Pets at Home tumbles as CEO steps down alongside profit warning
Pets at Home Group PLC (LSE:PETS) shares plunged 18% after the retailer issued a second profit warning of the year and said CEO Lyssa McGowan had left the business with immediate effect. With the search for a permanent CEO having been launched, it said non-executive chair Ian Burke has taken on the role of executive chair in the interim.
Pets at Home shares fall 3.5% as subdued market weighs on retail sales
Pets at Home Group PLC (LSE:PETS) shares slipped 3.5% in early trading after the group reported a slight rise in overall consumer revenue but flagged ongoing softness in the pet retail market. For the 16 weeks to 17 July, consumer revenue was up just 0.4% to £591 million, while statutory revenue fell 1.9% to £435 million.
Pets at Home follows guidance perfectly
Pets at Home Group PLC (LSE:PETS) posted profits bang in line with expectations and reiterated its guidance for the year ahead. The pet store and veterinary services chain reported flat statutory revenue of £1.5 billion for the year to 27 March 2025, with statutory profit before tax rising 14% to £120.6 million.
Pets at Home falls 8.7% amid NI headwind and consumer caution; brokers unsurprised
Pets at Home Group PLC (LSE:PETS) shares fell 8.7% on Monday after the retailer lowered its profit forecast for the year ahead, blaming rising costs and continued consumer caution. The group now expects underlying pre-tax profit for the next financial year to fall to between £115 million and £125 million, down from this year's expected £133 million.
Pets at Home tumbles on warning of lower profits for year ahead
Pets at Home Group PLC (LSE:PETS) shares dropped 11.3% after the retailer and vet chain reported trading in line with expectations but gave weak guidance for the new financial year. A pre-close trading update from the FTSE 250-listed group revealed a "challenging and volatile UK consumer backdrop" but that fourth-quarter trading in both the Retail and Vets businesses was broadly as expected.
Pets at Home perks up on takeover speculation
Pets at Home Group PLC (LSE:PETS) scampered 14% higher on Wednesday on the back of takeover rumours, though the shares curled up for a rest by mid-afternoon. The pet supplies and veterinary services chain was the subject of takeover rumours in the City, with private equity mentioned.
PetMed Express, Inc. (PETS) Q3 2025 Earnings Call Transcript
PetMed Express, Inc. (NASDAQ:PETS ) Q3 2025 Earnings Conference Call February 10, 2025 4:30 PM ET Company Participants Reed Anderson - IR, ICR Sandra Campos - CEO and President Robyn D'Elia - CFO Conference Call Participants Erin Wright - Morgan Stanley Ryan Meyers - Lake Street Capital Markets Operator Greetings and welcome to PetMed Express Third Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode.
Pets at Home to sell first pet food made from 'cultivated meat'
Pets at Home Group PLC (LSE:PETS) said it is the first company in the world to sell lab-grown meat for pet food, after 'Chick Bites' went on sale in limited release at one of its stores, in west London. Chick Bites are made from plant-based ingredients and cultivated meat, by manufacturer Meatly, and gained the regulatory green light from the Department for Environment, Food and Rural Affairs (Defra) and the Animal and Plant Health Agency last summer.
