Pets At Home Shares Fall

Financial news articles for pets at home group plc ord 1p updated throughout the day.

Pets at home shares fall. Pets at home news headlines. Pets at home lon pet reported its preliminary full year results for the year to 28 march 2019. Chief executive peter pritchard remained positive despite the fall in profits saying there is a bright future for the pet shop. On thursday the pet supplies retailer unveiled its full year results and despite its annual sales climbing 10 2 to 1 1 billion the first time the company has hit that milestone investors drove its share price lower amid its uncertain outlook.

Pets at home s latest update announced softer than anticipated merchandise sales knocking its share price down more than nine per cent at the time of writing to 216 40p. The pet supplies retailer revealed that profit before tax dipped 37 7 per cent year on year to 49 6 million. Pets at home group shares fall as profits tumble despite revenue rise the ftse 250 pet and animal care retailer saw its pre tax profits drop 17 to 79 6mln while like for like revenues rose 5 5. By nicole jeary 22 05 2019.

Pets at home group shares are down 10 and could fall further after its management warned that its first half performance will take a hit due to the covid 19 crisis. The group has said the next financial year will be the second of its three year financial transition as it aims for sustainable profit growth.