Pets at Home Group PLC (LSE:PETS) is not the only business that has struggled to reclaim the heights it saw during the pandemic when having a pet during lockdown became the thing.
A difficult first half led to reduced forecasts after company comments about modest growth for the full twelve months.
The retailer blamed subdued growth in the pet retail market.
“The shares are not on a big valuation, in our view, but have not had any positive forecast for a while and this is highly unlikely to help,” said analysts at Peel Hunt at the time.
The broker estimates that Pets at Home’s financial 2025 profit-before-tax will be in the high-£130 millions range.
Shares are 209p currently, close to a 12-month low.
The third quarter update is on Tuesday 28 January.