Pets at Home Group PLC (LSE:PETS) expects underlying profit before tax for the 12 months to 28 March to total £132 million, per a trading update published on Tuesday.
This represents a 3.2% year-on-year decrease; a not-terrible result given the record-setting comparable figure.
Pets at Home said it expects to finish the year in a net positive cash position, having returned over £100 million to shareholders throughout the year in the form of dividends and buybacks.
Earlier this year, Pets at Home issued a profit warning after third-quarter sales “didn’t quite hit the levels we expected”, as chief executive Lyssa McGowan put it.
Shares dropped as a result, though the stock added a percentage point this morning in response to the trading update.
Preliminary results are scheduled for 29 May.