Pets at Home and CVS shares plunge after CMA vows to investigate veterinary fees Cost of pets crisis Shares in British veterinary services firms Pets at Home and CVS Group plunged on Thursday, after the UK’s antitrust watchdog launched a review into the market amid concerns that pet owners might not be getting a good deal. The Competition and Markets Authority (CMA) will look into the fees charged for veterinary services amid soaring [...]
Profits wag for Pets at Home as revenues up 10 per cent thanks to Brits splurging on furry friends Pets at Home Pets at Home made a profit during the first quarter with revenues rising 10.2 per cent to £568.2m, as the animal care brand was bolstered by new store openings. The pet store, which operates 453 sites across the UK, said that total group revenue reached £436.8m, up 7.9 per cent when compared to last year, [...]
Pets at Home to open 40 new stores as pandemic puppy trend looks here to stay Pets at Home Retailer Pets At Home has unveiled plans to open at least 40 new stores across the UK under aims to become the “world’s best pet care platform” after posting record annual results. The firm’s chief executive Lyssa McGowan said the group was spending £400m on an ambitious growth strategy that would see it expand its [...]
Pets At Home: Animal ownership ‘not just Covid trend’ as profit slips November 23, 2022 The chief of Pets At Home has said pet owners are keen to treat their animals still, as the FTSE 250 firm posts subdued profit before tax. In interim results, the London-listed business posted underlying profit before tax of £59.2m, some 9.3 per cent below its previous half-year sum of £65.3m. Profit slipped due to [...]
Higher revenues and customer retention a treat for Pets at Home August 5, 2022 Pets at Home announces higher revenues and greater customer retention in its financial year statement for 2023’s first quarter. The pet supplies company expects revenue to rise to £404.7m, with its customer base expanding. The company expects retention of 1.1m customers gained last year. The company’s balance sheet has net cash of £40.2m and a [...]
Pets at Home slumps due to cost-of-living crisis biting into Britons’ pockets July 4, 2022 RBC analysts have downgraded Pets at Home’s recommendation to Underperform as concerns mount as the cost-of-living crisis bites into Britons’ pockets. The pet retailer’s shares today took an 8.32 per cent tumble – the biggest on the FTSE 250. Analysts explained that while the group maintains a prime position in the pet care market, its [...]
Pets At Home: Owners continue to pamper their pooches despite price hikes May 25, 2022 Pets At Home seem to have braved the doggy dog world of inflation, with the retailer announcing market share wins this morning after revealing customers are spending more than ever on their furry friends.
Pets at Home hikes profit guidance as it outlines mitigations for inflationary pressures January 26, 2022 Pets at Home has upgraded its profit guidance in the wake of rising revenues. In a trading update for the 12 weeks to 30 December, the pet care business posted total Group revenue growth of 5.8 per cent to £319.4m. It said group like-for-like revenue was up 8.7 per cent compared to 2020. In comparison [...]
Pets at Home keeps lockdown puppy boom momentum and hoists revenue July 29, 2021 Pets at Home has kept up its pandemic sales momentum in its first-quarter following last year’s lockdown puppy boom, with revenue up 25.7 per cent. The pet retailer group’s total revenue lifted to £377m in the weeks to 15 July, with 29.4 per cent growth on the same period the year before Covid-19. The group [...]
Sales at Pets at Home pass £1.4bn as Brits pick up furry companions May 27, 2021 Revenue at Pets at Home jumped nearly eight per cent in the last year, as coronavirus-led lockdowns persuaded more households to get a pet. Revenue at the pet care retailer jumped 7.9 per cent to £1.14bn in the group’s 2021 financial year. Retail revenue reached £1bn for the first time despite Covid-19 restrictions, and revenue [...]