Pets At Home Group Plc (PETS.L) Wednesday said that its profit declined in the first half of the year, impacted by the poor performance of its Retail division. The company also reiterated its outlook for fiscal 2026.
On the LSE, PETS.L is up 4.34 percent on Wednesday's trading at 216.73 pounds.
The British pet care retailer posted pre-tax profit of 36.2 million pounds in the first half of fiscal 2026, down from 51.1 million pounds in the same period last year. On an underlying basis, profit before tax was 36.2 million pounds, compared to 54.5 million pounds a year ago.
The company's Retail division posted pre-tax profit of 3.5 million pounds, a 84.1 decline from last year's 22.0 million pounds.
During the six month period, profit declined to 26.2 million pounds or 5.6 pence per share from 37.6 million pounds or 7.8 pence per share in the prior-year period. Underlying profit was same, compared to underlying profit of 39.6 million pounds last year.
According to Pets At Home Group, half-yearly revenue came in at 778.3 million pounds, a 1.3 percent drop from 789.0 million pounds recorded in the corresponding period of fiscal 2025. The Group consumer revenue rose 0.7 percent to 1.06 billion pounds from 1.05 billion in the previous-year period.
The company declared an interim dividend of 4.7 pence per share, which is the same as the previous year, The interim dividend will be payable on January 9, 2026 to shareholders on the register at the close of trading on December 5.
Looking ahead, the company reaffirmed its annual guidance of underlying pre-tax profit between 90 million pounds and 100 million pounds.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.