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
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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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
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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%
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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
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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
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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"