The pet retailer and veterinary service provider Pets at Home said this morning that it expects the underlying full-year profit to be above current expectations of the market
The FTSE-listed pet store informed investors of the good news after evaluating the exchanges for the first eight weeks of the second quarter
The period spanned the summer when UK shoppers slowly returned to Main Street and Pets at Home pet sitters were able to offer more services
Pets at Home Said they had double-digit growth in customer sales in the eight weeks leading up to September 10
The retailer also said in a market announcement, “This speaks to several factors including the inherent resilience of our pet care model and the underlying pet care market
« We continue to benefit from the adaptability of our operations to changing customer behavior and preferences, our continued investment in omnichannel capability and customer acquisition channels, and the clear benefits of our veterinary model. Unique First Opinion Owner Managed
Although Pets at Home has not ruled out the threat of a second UK-wide foreclosure, the retailer has said it maintains ‘a strong balance sheet and liquidity’
Pets at Home, Stock
World News – GB – Pets at Home is the litter choice because it raises profit expectations for the entire year – CityAM
