Pets at Home keeps guidance unchanged as revenues grow
The pet supplies retailer said all its channels, including store and omnichannel, remain in growth
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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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