Pets at Home fourth quarter trading trends “broadly as expected”
In a pre-close trading update for the year to 28 March 2024, Pets at Home has said fourth quarter trading trends in its retail and veterinary services business have been broadly as expected.
As a result, the group expects its full year underlying pre-tax profit to come in at £132 million, which is in line with previous guidance.
The group said the launch of its new digital platform has been successful and offers an improved customer experience across its app and website. It also reported that its new Stafford distribution centre is functioning well in the support of store deliveries, with availability at historically high levels.
Looking ahead to the outcome of the new financial year, Pets at Home said it is comfortable with current analyst consensus expectations for group underlying pre-tax profit of £144 million with a range of £137 million to £150 million.
