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Pets At Home Says Vets Growth Strategy Not Threatened By CMA's Review Into Vet Sector



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May 29 (Reuters) -Pets at Home Group PLC PETSP.L:

  • PETS AT HOME: FY CONSUMER REVENUE GREW 6.9%, IN LINE WITH OUR MEDIUM-TERM AMBITION, TO £1.9BN

  • PETS AT HOME: FY UNDERLYING PBT OF £132.0M IS DOWN 3.2% YOY

  • PETS AT HOME: TOTAL DIVIDEND PER SHARE HELD AT 12.8P, FINAL DIVIDEND HELD AT 8.3P

  • PETS AT HOME: £25M SHARE BUYBACK ANNOUNCED FOR FY25

  • PETS AT HOME: NO CHANGE TO FY25 UNDERLYING PBT GUIDANCE

  • PETS AT HOME: OVER FIRST 6 WEEKS OF YEAR, WE HAVE SEEN LOW DOUBLE-DIGIT GROWTH IN OUR VET GROUP, WITH RETAIL AT -2%

  • PETS AT HOME: COMFORTABLE WITH CURRENT ANALYST CONSENSUS FOR FY25 UNDERLYING PBT, CURRENTLY C£144M

  • PETS AT HOME: PLAN FOR CAPEX OF £60M IN FY25

  • PETS AT HOME: FY TOTAL GROUP REVENUE GROWTH OF 5.2% TO £1.5BN, WITH GROUP LIKE-FOR-LIKE (LFL) REVENUE UP 5.1%

  • PETS AT HOME: BELIEVE THAT OUR VETS GROWTH STRATEGY IS NOT THREATENED BY THE CMA'S REVIEW INTO THE VET SECTOR

Source text for Eikon: ID:nRSc1709Qa

Further company coverage: PETSP.L


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