Latest news with #PetsAtHome
Reuters
31-07-2025
- Business
- Reuters
Pets At Home trims profit forecast on soft demand, shares slide
July 31 (Reuters) - British retailer Pets At Home (PETSP.L), opens new tab cut its annual profit forecast on Thursday as pet owners reduce spending on accessories and toys for their companions amid pressures on household finances. Shares of the company, which also offers grooming and veterinary services, fell as much as 8%, and were down 4.9% at 232 pence at 1305 GMT. Demand for pets has fallen in Britain after a pandemic-era surge, and owners are spending less on treats as economic uncertainty and sticky inflation pressure their budgets. The company forecast underlying pre-tax profit of between 110 million pounds and 120 million pounds ($146 million-$159 million) for the year ending March 2026, down from its prior estimate of between 115 million and 125 million pounds. Pets At Home said retail market growth was slower than it had expected in the first quarter of its financial year, and reaching the top end of its annual forecast would require an uptick. British firms are struggling with rising labour costs, driven by higher social security contributions and minimum wage increases, fuelling concerns over potential price hikes and job cuts. Analysts at Jefferies called Pets At Home's profit downgrade "disappointing", but noted encouraging signs such as improving trading trends, impressive growth from the veterinary division and smaller market share losses. Like-for-like revenue growth in the company's Vet unit rose 7.8% in the 16 weeks to July 17. ($1 = 0.7532 pounds)
Yahoo
31-07-2025
- Business
- Yahoo
Pets at Home warns over profits as market remains ‘subdued'
Pets at Home has warned it expects annual profits to fall by up to 17% as retail trading conditions prove worse than feared. The chain cut its guidance for 2025-26 as it struggles against a 'subdued market backdrop and uncertain consumer environment'. It reported a 3% drop in like-for-like retail sales over the 16 weeks to July 17, marking the third quarter in a row of falling sales. Pets said that with market growth expected to be just 1% against the 2% forecast, it now expects annual profits to fall to between £110 million and £120 million. This is down significantly from the £133 million reported the previous year and the guidance given in May for £115 million to £125 million. The group said: 'At our 2024-25 results we set our full-year 2025-26 guidance based around an assumption of 2% growth in the pet retail market. 'While this scenario assumed improving growth through the year, the market growth rates experienced through the first quarter have been below those initial expectations.' Pets also cautioned that if market conditions continue as they are, it would likely deliver a result at the bottom end of the pared-back guidance. 'Reaching the top end of guidance would require a step up in market growth, while the bottom end of guidance would imply a continuation of current subdued market trends through the remainder of the year,' it said. Shares in the group fell more than 8% at one stage in Thursday-morning trading after the profit alert, before settling around 3% lower. Pets said tight cost control was helping its profit margins hold up, despite a 'determination to remain price competitive' and in the face of an extra £20 million in costs this year due to a soaring wage bill. The group said its Vet Group offering was proving more resilient, with like-for-like revenues jumping 7.8%. It also grew its its Pets Club membership by another 1.8% to 8.1 million customers, with the proportion of revenues from subscriptions now at 14.5%. Lyssa McGowan, chief executive of Pets at Home, said: 'We are pleased to have seen momentum in our business build through the first quarter, against a subdued market backdrop and uncertain consumer environment.'
The Independent
31-07-2025
- Business
- The Independent
Pets at Home warns over profits as market remains ‘subdued'
Pets at Home has warned it expects annual profits to fall by up to 17% as retail trading conditions prove worse than feared. The chain cut its guidance for 2025-26 as it struggles against a 'subdued market backdrop and uncertain consumer environment'. It reported a 3% drop in like-for-like retail sales over the 16 weeks to July 17, marking the third quarter in a row of falling sales. Pets said that with market growth expected to be just 1% against the 2% forecast, it now expects annual profits to fall to between £110 million and £120 million. This is down significantly from the £133 million reported the previous year and the guidance given in May for £115 million to £125 million. The group said: 'At our 2024-25 results we set our full-year 2025-26 guidance based around an assumption of 2% growth in the pet retail market. 'While this scenario assumed improving growth through the year, the market growth rates experienced through the first quarter have been below those initial expectations.' Pets also cautioned that if market conditions continue as they are, it would likely deliver a result at the bottom end of the pared-back guidance. 'Reaching the top end of guidance would require a step up in market growth, while the bottom end of guidance would imply a continuation of current subdued market trends through the remainder of the year,' it said. Shares in the group fell more than 8% at one stage in Thursday-morning trading after the profit alert, before settling around 3% lower. Pets said tight cost control was helping its profit margins hold up, despite a 'determination to remain price competitive' and in the face of an extra £20 million in costs this year due to a soaring wage bill. The group said its Vet Group offering was proving more resilient, with like-for-like revenues jumping 7.8%. It also grew its its Pets Club membership by another 1.8% to 8.1 million customers, with the proportion of revenues from subscriptions now at 14.5%. Lyssa McGowan, chief executive of Pets at Home, said: 'We are pleased to have seen momentum in our business build through the first quarter, against a subdued market backdrop and uncertain consumer environment.'
Daily Mirror
21-07-2025
- Business
- Daily Mirror
Pet owners issued urgent message if you shop online
Whether you have a cat, dog, gerbil, or fish, you need to be careful Pet owners in the UK are being urged to think carefully before they click 'purchase' on any pet related products. It comes as Pets At Home has issued an important warning, telling customers that scammers have been posing as the company to steal personal information. In the e-mail, sent to those signed up to Pets At Home emails, it notes: "We've been made aware of some fraudulent websites and online adverts that are impersonating Pets at Home, in an attempt to trick customers into providing payment details. "These fake sites closely mimic our official website and are being widely promoted through social media adverts, making them appear legitimate." Just make sure you go to their official website, and you will have no issues, the high street chain stress. What does the e-mail say? The email warned people that scammers could be impersonating them - but there is ways to stay safe. Firstly, they ask people to only shop on their official website - as this is completely safe. They also ask people to lookout for the following: Slight misspellings in the web address (e.g., ' instead of ' Unfamiliar designs or layouts Unusually low prices or offers that seem too good to be true Competitions requesting for you to pay a shipping fee Adverts on social media that redirect you to suspicious websites Requests for unusual payment methods They further mention that the official Pets at Home app can be found on both the Apple App Store and Google Play. Simply search for "Pets at Home" and look for their logo. In addition to advising caution when clicking on ads and verifying URLs, they strongly urge people: "Do not enter payment details on any site unless you are certain it is legitimate If you're ever unsure, contact our Customer Service Team directly via our website." Signing off the e-mail, the Pets At Home team link to their apps where you can download the Pets at Home on the App Store as well as downloading the Pets at Home app on the Google Play store. Do I really need pet insurance? Along with protecting your bank and personal details, the experts also stress, in a separate post on their website, the importance of getting the right pet insurance. They stress: "Having the right pet insurance policy in place can help to support you and your pet should an unexpected vet bill come your way, as you won't have to worry about how you will pick up the cost." In fact, it's "more common than most people realise for a pet to develop a recurring or long-term illness – even in young pets." With this in mind, they urge people to aim for a lifeline policy - or similar. They suggest: "With this kind of policy, you can keep claiming for treatment of recurring illnesses or injuries throughout your pet's lifetime, providing the policy is renewed each year without a break. Most pet insurance policies will cover your from just six weeks of age."
Yahoo
17-07-2025
- Business
- Yahoo
3 UK Dividend Stocks Offering Up To 4.2% Yield
In the current landscape, the UK market has been experiencing some turbulence, with the FTSE 100 index recently closing lower due to weak trade data from China impacting investor sentiment. Amid these challenges, dividend stocks can offer a measure of stability and income potential for investors seeking reliable returns in uncertain times. Top 10 Dividend Stocks In The United Kingdom Name Dividend Yield Dividend Rating WPP (LSE:WPP) 9.57% ★★★★★★ Treatt (LSE:TET) 3.43% ★★★★★☆ Pets at Home Group (LSE:PETS) 5.51% ★★★★★☆ OSB Group (LSE:OSB) 5.97% ★★★★★☆ NWF Group (AIM:NWF) 4.76% ★★★★★☆ Man Group (LSE:EMG) 7.17% ★★★★★☆ Keller Group (LSE:KLR) 3.58% ★★★★★☆ Grafton Group (LSE:GFTU) 4.13% ★★★★★☆ Dunelm Group (LSE:DNLM) 6.92% ★★★★★☆ 4imprint Group (LSE:FOUR) 4.95% ★★★★★☆ Click here to see the full list of 57 stocks from our Top UK Dividend Stocks screener. We'll examine a selection from our screener results. Begbies Traynor Group Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Begbies Traynor Group plc offers professional services to businesses, advisors, corporations, and financial institutions in the UK, with a market cap of £196.23 million. Operations: Begbies Traynor Group plc generates revenue through its Property Advisory segment, which contributes £46.40 million, and its Business Recovery and Advisory segment, which accounts for £107.30 million. Dividend Yield: 3.5% Begbies Traynor Group's dividend yield of 3.5% is below the UK market's top quartile, and its high payout ratio of 108.5% indicates dividends are not well covered by earnings, though cash flow coverage is reasonable at 51.2%. The company has a stable and growing dividend history over ten years, with a recent increase to 4.3 pence per share for 2025. Recent buybacks and improved earnings suggest positive financial momentum despite sustainability concerns in dividend coverage from profits alone. Delve into the full analysis dividend report here for a deeper understanding of Begbies Traynor Group. Our expertly prepared valuation report Begbies Traynor Group implies its share price may be lower than expected. Associated British Foods Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Associated British Foods plc is a diversified company engaged in food production, ingredients, and retail operations globally, with a market cap of approximately £15.07 billion. Operations: Associated British Foods plc generates revenue from several segments, including Retail (£9.42 billion), Grocery (£4.21 billion), Sugar (£2.46 billion), Ingredients (£2.11 billion), and Agriculture (£1.62 billion). Dividend Yield: 4.3% Associated British Foods offers a dividend yield of 4.26%, which is below the UK's top tier, but its dividends are well-covered by earnings and cash flows with payout ratios of 35.4% and 50.1%, respectively. Despite a history of volatility, recent affirmations suggest stability with an interim dividend set for July 2025. The company is exploring strategic options amid challenging conditions for Allied Bakeries, potentially impacting future financials and dividend sustainability. Click here to discover the nuances of Associated British Foods with our detailed analytical dividend report. Our valuation report here indicates Associated British Foods may be undervalued. Lloyds Banking Group Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Lloyds Banking Group plc, along with its subsidiaries, offers a variety of banking and financial products and services both in the United Kingdom and internationally, with a market cap of £45.39 billion. Operations: Lloyds Banking Group's revenue segments encompass a diverse array of banking and financial services provided both domestically in the UK and on an international scale. Dividend Yield: 4.1% Lloyds Banking Group's dividend yield of 4.15% is modest compared to the UK's top quartile, yet its dividends are covered by earnings with a current payout ratio of 50.6%. Despite a volatile dividend history, future payouts are expected to remain sustainable at a forecasted 38.5% payout ratio in three years. Recent M&A discussions to acquire Curve UK Limited for up to £120 million could influence strategic growth and impact dividend stability moving forward. Navigate through the intricacies of Lloyds Banking Group with our comprehensive dividend report here. Our comprehensive valuation report raises the possibility that Lloyds Banking Group is priced higher than what may be justified by its financials. Where To Now? Navigate through the entire inventory of 57 Top UK Dividend Stocks here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Seeking Other Investments? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:BEG LSE:ABF and LSE:LLOY. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
