Updates

Pets at Home

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Pets at Home reported final results for the year ended March modestly ahead of forecasts and supported by a strong Q4. Net cash of £55m was also ahead of expectations and has supported an increased dividend and planned £50m share buyback. The big news is that management has launched a new five year plan for sales and pretax profit to increase at a compound average growth of 7% and 10%, respectively (FY’23-’28), which implies an acceleration in PBT growth beyond FY’24. Results themselves showed revenues up 6.6% year-on-year to £1,404m with pretax profit up almost 5% to £136.4m. Over the last five years Pets at Home has increased market share by 6% to 24% and in spite of the cost of living crisis, last year showed further pro ...

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Dunelm

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Pets at Home (August 2024)

Pets at Home (February 2024)

Pets at Home - Up-selling to 7.6m active customers yields 9x spend uplift if all services taken! (April 2023)

Pets at Home (February 2020)

Pets at Home - Big director buying; prospective PE just 8.5 (October 2018)

Pets at home- Services side lifts sales 29% (August 2016)

Pets at Home (February 2016)

Pets At Home - Pet retailer benefits from growth in higher margin services (August 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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