Pets at Home Group Plc (PETS.L) reported that its profit for the 28 week period ended on 10 October 2024 increased to 37.6 million pounds or 7.8 pence per share from 25.3 million pounds or 5.2 pence per share in the prior year.
Statutory profit before tax rose to 51.1 million pounds from the prior year's 34.7 million pounds, partly driven by a 9.7 million pounds year-on-year reduction in non-underlying costs.
Group statutory revenue for the period grew 1.9% to 789.1 million pounds from last year, and like-for-like revenue grew 1.6%.
The Board has recommended an interim dividend of 4.7 pence per share, 4.4% ahead of the prior year which was 4.5 pence per share. The interim dividend will be payable on 10 January 2025 to shareholders on the register at the close of trading on 5 December 2024.
The company said it now plans for current rates of market growth to persist through the remainder of this year, lower than initially planned. As such, it now expects underlying profit before tax for fiscal year 2025 to grow modestly from last year.
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