Company
Pets at Home Group PLC
LON:PETS
Pets at Home offers the ultimate pet shop experience. It really is a paradise for pets and pet owners. We have all the pet supplies, pet food, toys and accessories you and your pet need at great value prices. All our store colleagues are fully trained in pet care and dedicated to the welfare of your animals, with most of them being experienced pet owners themselves. So whether you are a new owner or an expert, our store colleagues are on hand to help you make the right choices. We also have a fantastic range of free, informative care leaflets for you to take away, offering help and advice on how to look after your pet.
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Market movers: Tullow OIl falls after abandoning Guyanan well
A look at some risers and fallers on the market on Friday.
Pets at Home keeps guidance unchanged as revenues grow
The pet supplies retailer said all its channels, including store and omnichannel, remain in growth
Sky's former consumer chief Lyssa McGowan takes the helm at Pets at Home
McGowan, who was responsible for about US$10bn of revenue at Sky, joined Pets at Home's board in April as CEO designate
Pets at Home's new boss has big shoes to fill but shares are cheap, say analysts
The shares trade for around 13 times current-year earnings, which represents around a 50% de-rating from the highs of September 2021
Pets at Home still a 'buy' despite increasing cost headwinds, says broker
Deutsche Bank slashed the target price from 555p to 430p
Pets at Home appoints former Sky consumer chief as new CEO
Lyssa McGowan has overseen more than US$10bn of revenue from over 10mln Sky customers
Pets at Home set for continued double-digit percentage profit growth, Liberum believes
Liberum was already art the top end of the range of broker forecasts so it won't he adjusting its estimates after today's heavy hint from the retailer
Pets at Home expects profits will be at the top end of forecasts
Remember, a pet is not just for lockdown. You'll likely be paying vet fees for years if you get a cat or dog, which is good news for Pets at Home
Pets At Home chief executive to step down, upgrades profit guidance
Peter Pritchard said that next summer is "the right time to take well-earned rest"
Pets at Home hikes dividend despite decline in profit and cash flow
“COVID-19 has structurally changed the dynamics of the pet care market,” said chief executive Peter Pritchard
Pets at Home upgrades profit forecast after better than expected trading
The pet products retailer has posted strong performance over the past eight weeks
Pets at Home comfortable with essential retailer denomination as it posts 18% sales surge
The pet products retailer has seen sales and customer numbers grow despite national restrictions
Pets at Home raises profit expectations after strong quarter
The strong momentum seen in the half-year has continued into the third quarter
Pets at Home to take £35mln hit as it joins business rates repayment train
“Our decision today demonstrates our clear commitment to acting responsibly and treating all of our stakeholders fairly"
Pets at Home offloads five specialist vet practices for £100mln
The pet products retailer is focusing its resources on customer-facing activities across its operations
Pets at Home acquires veterinary telehealth provider The Vet Connection for £15mln
The retailer looks to expand its digital services and make its veterinary offer more convenient
Pets at Home says full-year underlying profit to remain flat
The strong performance seen in the second quarter has continued into the third quarter but the interim dividend is the same as 2019
Pets at Home raises profit expectations after strong summer
Full-year underlying pre-tax profit is estimated to be ahead of the current market expectation for £73mln
Pets at Home preferred by Liberum among animal health stocks
The broker hiked its target price for the pet products firm, saying its strong momentum before the coronavirus pandemic looked "set to support a rapid recovery" post-lockdown
Pets at Home downgraded to ‘hold’ by Shore Capital over short-term uncertainty
Trading is clouded by increased operating costs, a potential second lockdown in the UK and macro-economic headwinds
Pets at Home expects continued high costs during pandemic but sales recover in weeks as non-essential services restart
In the 16 weeks to July 16, 2020, the group's revenue dipped 0.7%, with a 13% decline in the first eight weeks turning into a 12% jump in the subsequent eight weeks
Pets at Home a “dead cert income fund holding”, says Peel Hunt
The broker said the retailer's web traffic had also been very strong during lockdown and they envisaged "special dividends ahead" as the group continued to generate cash
Pets at Home warns on profits as sales dwindle after early lockdown spike
Margins and free cash flow have been squeezed by social distancing measures and a focus on food products
Archive
Pets at Home is a key highlight for Thursday
Pets at Home Group, Tate & Lyle, Essentra and Intertek are also among the names in Thursday's corporate diary
Pets at Home profits to top expectations as coronavirus outbreak drives up demand
Pre-tax profit for the year to 26 March is now set to be “slightly” above market consensus of £92-97mln
Pets at Home among retailers to stay open during coronavirus outbreak
Domino’s, B&M, M&S, Halfords and McColl’s are also allowed to keep trading as usual
Pets at Home adopts Ian Burke as non-executive chairman
Burke replaces Tony DeNunzio who is leaving after ten years in the post
Pets at Home in fine fettle as market remains resilient
The 12 weeks to 2 January saw like-for-like sales grow 7.2%, with retail and the vet hospitals section up 7% and 8.9% respectively
Pets at Home shares let off the leash as it predicts full-year profits at top end of expectations
The bullish prediction followed a strong first half that saw underlying profits jump just over 10%
Archive
Armadale Capital perks up after a board reshuffle
A look at the day's major movers, including De La Rue, WANdisco, Victoria, Checkit, Pets at Home and IMImobile
Pets at Home fetches 'buy' rating from Liberum for first time in three years
The broker forecasts shares to rise to 240p after Pets at Home continues strategic victories
Pets at Home brushes up full year guidance as turnaround scampers onward
Retail like-for-like sales woofed up 9% to £266.4mln thanks to a 36% surge in online retail sales
MediaZest fits out Pets at Home’s two new ‘stores of the future’ with its audio-visual tech
“Despite the ongoing difficulties experienced within the UK and the global Retail Sector, new business wins have continued”
Pets at Home soars as full year results beat expectations despite profit plunge
For the year ended 28 March, the FTSE 250 firm reported a pre-tax profit of £49.6mln, down 37.7% year-on-year, as it ringfenced £40.4mln to fund a restructuring of its Vets business. However, underlying profits not including the charge rose
Archive
FTSE 100 closes slightly ahead but Wall Street shares slide
The Footsie closed out at 7,334 - up around five points, while mid-cap index was firmly lower- down 129 points at 19,307
Archive
Inflation figures to lead macro news on Wednesday, Royal Mail braces for full year figures
Economists are expecting the consumer price index to be well below the recent growth in average earnings at around 1.8% year-on-year in April
Pets at Home shares tumble as Canadian pension fund offloads 11% stake
Bank of America Merrill Lynch, which is acting as sole book runner, expects the sale to be completed on Tuesday
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
Pets at Home upgraded by Citi on “viable” turnaround plan
Analysts at the US investment bank said “strong market dynamics and company initiatives” would support a recovery for the FTSE 250-pet care group, which has been in the middle of restructuring its veterinary business
CVS Group drops as veterinary services firm warns full-year earnings will materially miss expectations
"Employment costs in H1 2019 are well above H1 2018 due to the increase in sales ... combined with above-inflation salary increases and a significant increase in market rates for locums”
Pets at Home enjoyed bumper Christmas
Customer revenue growth across all joint venture practices remains solid at 11.9%, the group said, adding: "We believe [our] mature practices continue to grow ahead of the market"
Analysts round on Pets at Home as vet restructuring squeezes margins
Several analysts have expressed disappointment over the retailer's latest results, however, the outlook for the firm may not be as gloomy as the numbers suggest
Pets at Home profits fall on weaker margins as it looks to close vet practices to offset cost pressures
“Since becoming the group CEO in May, I have had the opportunity to take stock of the wider group and shape my view of our future,” said Peter Pritchard
Investments and investor services
FTSE 100 closes in the red as Brexit and trade worries dampen the mood
Footsie closed the day down around 19 points at 7,016, with big miners in the losers list.
Builders and building materials
Kier Group investors gained small victory following post-results rise for the City’s most-shorted stock
According to data published by Castellain Capital, the ‘shorters’ started building their positions in January, which, coincidentally, was the month debt-laden construction group Carillion was liquidated
Pets at Home shares gain as it reveals two executive appointments, recovering after Goldman downgrade
The group said it has appointed David Robinson as chief operating officer of Retail, and named Jane Balmain as interim chief executive officer of the Vet Group's First Opinion business
Investments and investor services
FTSE 100 closes firmly ahead as it puts dismal October to rest
The FTSE 100 closed up around 92 points at 7,182. FTSE 250 also gained..
Whitbread faces pressure to prove merits of Premier Inn as standalone business
“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola
Liberum Capital ups stance for Pets at Homes to ‘hold’ from ‘sell’ as it thinks the “risk/reward profile may have shifted”
Liberum’s analysts pointed out that the firm reported a fourth consecutive quarter of like-for-like sales growth of more than 5% and although full-year forecasts remain unchanged, they think this raises questions around whether earnings hav
Pets at Home shares surge as price cuts and instore vets boost revenues
Pets and Home left its full year guidance unchanged
Archive
Markets
Pets at Home Group shares fall as profits tumble despite revenue rise
The FTSE 250-pet and animal care retailer saw its pre-tax profits drop 17% to £79.6mln, while like-for-like revenues rose 5.5%, from 1.5% growth in 2016
Next, M&S, Pets at Home and B&M slump on Citigroup downgrade
Citi said investors should buy online over bricks and mortar retailers and European over UK stocks
Deltex Medical slides after issuing shares at 1.25p a pop
A look at some of the day's big movers, such as Altyn, Thor Mining, N Brown, and Pets at Home
Pets at Home sees third quarter like-for-like revenue growth of 7.2%, says all financial guidance unchanged
In a trading update, the FTSE 250-listed firm said group revenue grew by 9.6% to £223.3mln, with Merchandise revenue up 9.0% to £193.4mln, and Services revenue growth of 13.6% to £29.9mln
Investments and investor services
FTSE 100 finishes higher but miners weigh
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
Archive
Consolidation and improving market conditions to lift trading at discount airline easyJet
Day ahead includes trading updates from easyJet PLC, Cairn Energy PLC, Marston's PLC, Pets at Home PLC, plus interim results from IG Group PLC
Pets at Home CEO Ian Kellett steps down as company reports first half profit decline
Peter Pritchard will take over the reins as chief executive next year