Pets at Home Group Plc (PETS.L), a British retailer of pets and their food, toys, medication, and others, said on Monday that it expects full-year 2025 underlying pre-tax earnings in line with expectations. For 2026, however, the Group anticipates a drop in year-on-year underlying profit before tax.
For the 12-month period to March 27, Pets at Home projects underlying earnings before tax of 133 million pounds, in line with the previous guidance. For the full-year 2024, the company had recorded an underlying profit before tax of 132 million pounds.
Looking ahead, the Group, said: "Having gone through a period of significant change in the business over the past 2 years, we are now through this period of disruption and elevated investment. FY26 will see capex return to normalised levels of less than £50m and we do not expect any non-underlying costs."
For the full-year 2026, Pets at Home expects underlying profit before tax of 115 to 125 million pounds.
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