Puppy love: Pets at Home hikes profit forecast as Brits splash out on furry friends February 26, 2021 Pets at Home has scrubbed up its profit expectations for the full year after continued demand for its animal offerings helped boost trading. The reptile and rabbit retailer said it now expected pre-tax profit for 2020 to hit £85m — ahead of its previous guidance of £77m. This includes a £28.9m repayment of business rates [...]
Not just for Christmas: Pets at Home raises profit outlook after December growth January 8, 2021 Pets at Home has raised its full year profit guidance after recording impressive sales growth during December. The country’s leading pet care firm said that it now expected profit for the year to come in at £77m, despite the voluntary repayment of £28.9m in business rates relief. In a trading update this morning, the company [...]
Shakespeare: Lockdown pups give Pets at Home a boost October 21, 2020 Last month, in the face of the coronavirus, Pets at Home reported glowing results making it the best-performing UK retail stock of the quarter. The pet shop and veterinary services provider said it expected full-year underlying profits to be ahead of current market expectations. Pets at Home said that while strong merchandising sales had helped [...]
Pets at Home becomes latest retailer to return business rates relief December 4, 2020 Pets at Home has joined the Covid repayment train and joins some of the UK’s biggest retailers in handing back millions of pounds in business rates relief. In March, all retail, hospitality and leisure businesses in England were given a business rates holiday for 12 months. But after a bumper year of sales on the [...]
Pets at Home sells five specialist vet practices for £100m December 1, 2020 Pets at Home has agreed to sell five of its specialists referral practices for up to £100m. The FTSE 250 firm today announced it would sell the practices to Solihull-based Linnaeus Group, which operates over 150 veterinary clinics across the UK. Pets at Home said the disposal comprises £80m in cash on completion and a [...]
Pets at Home remain dogged throughout pandemic as sales soar during lockdown November 24, 2020 Pets at Home has cemented itself as a rare winner during the pandemic, as the group notched double digit revenue growth in the six months to October following an “exceptional period of demand” during lockdown. The FTSE 250-listed firm thanked its allocation as an “essential” retailer during the coronavirus crisis for its 13 per cent [...]
Pets at Home’s the pick of the litter as it lifts full-year profit expectations September 24, 2020 Pet retailer and vet service provider Pets at Home this morning said it expects full-year underlying profit to be ahead of current market expectations. Pets At Home shares surged 15 per cent to 351p on the news. The FTSE-listed pet supplies shop updated investors with the good news after assessing trading for the first eight [...]
Pets at Home shares rise on jump in pet ownership July 31, 2020 Shares in Pets at Home jumped this morning after the retail chain reported a surge in demand for pet ownership after the coronavirus lockdown. Pets at Home said there were “tangible signs” of an increase in animal owners “as people adopt new attitudes to work and leisure pursuits” following the lockdown. A jump in pet [...]
Pets at Home appoints new chairman February 7, 2020 Pets at Home has appointed current Studio Retail Group chair Ian Burke as its new chairman. Burke will takeover the role from the outgoing non-executive chairman Tony DeNunzio following a hand over process. The pet product and veterinary company announced that DeNunzio would be stepping down in its interim results last November. In a statement, [...]
Pets at Home revenue tops £1bn but retailer warns on profit as stockpiling dwindles May 21, 2020 Pets at Home full-year revenue topped £1bn for the first time in the year to March but the retailer’s share price fell as it warned that a drop in stockpiling demand could impact future profit. The pet shop chain said it expects first-half pre-tax profit to be sharply lower than last year, as the spike [...]