Pets at Home expects muted demand to persist in second half
Nov 27 (Reuters) -Pets at Home Group PETSP.L said on Wednesday it saw modest revenue growth in the first half of the year in a subdued pet retail market, and forecast the lack of demand to continue in the second half.
Total group revenue grew 1.9%, while like-for-like revenue was up 1.6% in the 28-week period ended Oct. 10, the company said.
Inflation-weary pet owners have become more conservative with their spending on luxury items such as expensive toys, limiting Pets At Home's performance.
Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich
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