Pets at Home anticipates that profits for the year just ended will meet guidance and said it is “comfortable” with expectations for the year to come.
“The retailer said that after trading trends in the fourth quarter played out as expected, group underlying profit for the year closing on March 28 should come in at £132m.
Pets at Home will end the year “in a net cash position”, after distributing £100m to shareholders and having incurred “£3m more non-underlying costs than previously expected due to higher restructuring costs”.
The retailer said that over the year, it has “successfully launched our new digital platform”, which delivers “much improved user experience and functionality across our app and website”.
It said that as it looked towards a new financial year, “we are comfortable with current analyst consensus expectations” for group underlying pre-tax profits.
Pets at Home will report its full-year results on May 29.
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