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Pets at Home

August 2024

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.

  • Epic Code:
  • PETS
  • Price:
  • 296p
Pets At Home’s results revealed a transitional year with peak investment in its new distribution centre and online platform, as well as warehouse disruption causing a 3% fall in underlying pretax profit to £132m, on sales up 5% to £1,500 million, in line with guidance. Eps fell 9% to 20.7p. Within Retail, which comprises pet sales online and in-store plus grooming and insurance, sales rose 4% to £1,330m and pretax profit fell 11.5% to £87.4m, with good volume growth and market share gains across food (+9%) offset by Accessories (-4%) reflecting squeezed consumer budgets. Gross margin fell nearly 1.4% to 46.2% reflecting food outgrowing accessories. The picture was brighter in the Vet Group (458 pet care centres and 391 join ...

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Pets at Home (February 2024)
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Pets at Home - Big director buying; prospective PE just 8.5 (October 2018)
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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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