Source - Alliance News

Pets At Home Group PLC on Tuesday said that it is comfortable with the current analyst consensus for underlying pretax profit for the next financial year starting in a few days.

The Wilmslow, England-based pet supply retailer said that fourth quarter trends have been broadly as expected across its Retail and Vets units.

Pets At Home anticipates underlying pretax profit for the financial year ending Thursday to be £132 million, in line with previous guidance and 3.2% lower than £136.4 million in financial 2023.

Looking forward to financial year 2025, the company said it is comfortable with the current analyst consensus of underlying pretax profit between £137 million and £150 million, with a consensus of £144 million. The consensus would be 5.6% higher than in financial 2023.

‘Our new Stafford distribution centre continues to function well, supporting all store deliveries, with availability remaining at historically high levels. We look forward to transitioning our online sales across through H1 FY25 as previously targeted,’ the firm said.

Pets At Home shares rose 0.9% to 267.80 pence each on Tuesday morning in London.

The company will release its financial 2024 results on May 29.

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