Pets at Home Group Plc (LSE:PETS) posted a slight 0.4% increase in consumer revenue to £591 million for the first quarter of fiscal year 2026, navigating a challenging market environment. The Vet Group segment performed well, with consumer revenue rising 7.1%, while retail revenue declined 3.0%.
The company continues to advance its productivity initiatives, targeting a £20 million cost reduction to offset market pressures. It has revised its growth expectations for FY26 to around 1%, with underlying profit before tax forecasted between £110 million and £120 million. Expansion of veterinary capacity and enhancements to its digital platform remain key priorities, alongside maintaining strong customer satisfaction and steady subscription growth.
Pets at Home’s outlook combines solid financial results with attractive valuation metrics. Although technical indicators show a mixed picture, ongoing strategic efforts—such as a share buyback program—strengthen the company’s competitive position.
About Pets at Home Group Plc
Pets at Home is the UK’s largest pet care company, providing a wide range of pet products, veterinary services, and grooming salons. With over 450 pet care centers, including more than 440 veterinary practices, the company operates a leading small animal veterinary network across the country.
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