US EditionPets at Home warns over profits as market remains ‘subdued’
UNITED KINGDOM, JUL 31 – Pets at Home forecasts a 17% profit drop due to a 3% retail sales decline, while its Vet Group grows 7.8% and membership hits 8.1 million, reflecting shifting consumer habits.
- Pets at Home trimmed its annual pre-tax profit forecast to between £110 million and £120 million on 31 July 2025 amid sluggish shopper demand in the UK.
- The profit downgrade followed weaker than expected market growth and a slowdown in new pet ownership normalizing after the Covid surge.
- The company reported a 3% decline in like-for-like retail sales and a slight 0.4% rise in overall consumer revenue for the 16 weeks to 17 July 2025.
- Chief Executive Lyssa McGowan expressed satisfaction with the progress made during the initial quarter, despite challenging market conditions and unpredictable consumer behavior.
- Pets at Home warned that ongoing subdued market conditions could push results toward the lower end of guidance, stressing a need for innovation beyond cost control to drive future growth.
20 Articles
20 Articles
Pets at Home shares fall as it cuts profit guidance – Northern Financial Review
Shares of Wilmslow-based pet and vet retailer Pets at Home Group fell about 5% after it cut its full-year profit guidance amid what it called “subdued retail market growth rates.” In a Q1 FY26 trading statement, Pets at Home said its consumer revenue was up 0.4% to £591 million against a “still subdued market backdrop.” The firm said group statutory revenue declined 1.9% to £435 million, with group like-for-like revenue down 1.9%. On current tra…
Pets at Home’s retail weakness continues as vet division grows, says GlobalData
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Following today’s release of Pets at Home’s figures for the 16 weeks period to 17 July 2025; Emily Scott, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Pets at Home’s Q1 FY2025/26 paints a familiar tale of split performance; with strong momentum in veterinary services …
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