Pets at Home drops profit guidance as accessories sales slow
Pets at Home has reduced its full-year profit guidance, reporting sales “not at the level it had expected” as shoppers pulled back on discretionary accessories like beds, collars and leads for their pets.
The petcare retailer now expects FY24 group underlying profit before tax to be £132m, a reduction of around 3% which assumes no improvement in its retail like-for-like run rate in the final quarter.
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