Pets at Home Group PLC (LSE:PETS) will provide a third-quarter update with investors likely focused on whether the pressure on the retailer’s profit margins have eased since November.
The FTSE 250 constituent said in its interim results it was in line to meet analysts’ consensus for underlying profits (£121-£136mln) despite only generating £59mln in the first half.
The company reported in November a 7.3% growth in revenue, but pre-tax profits and free cash flow fell by 9.3% and 54.8% respectively.
Pets said the decrease was “in line with plan, impacted by increased freight and energy costs and the year-on-year increase in investment in digital assets.”
Lyssa McGowan, who was appointed chief executive officer last February, has revealed plans to create a new “consumer function” arm combining the company’s digital, marketing and customer value proposition teams, led by a newly created role of chief consumer officer "which will step-change our customer centricity”.
Pets at shares have risen almost 18% since the last trading update to around 340p.