Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Pets at Home Group Plc    PETS   GB00BJ62K685

PETS AT HOME GROUP PLC

(PETS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Pets at Home : outlook clouded by virus uncertainty despite revenue rise

11/24/2020 | 03:47am EST

(Reuters) - Pets at Home Group on Tuesday warned of an uncertain outlook in the initial weeks of a fresh UK lockdown, even as it said operations had continued to perform strongly in the current quarter on sustained demand for dog food, cat litter and flea collars.

Shares of the company were 8% down in early trade on the bleak outlook.

"COVID-19 continues to create a number of material uncertainties around the near-term trading environment, from a potential escalation of current restrictions on a national level, to reversion to a tiered system of localised restrictions," Chief Executive Officer Peter Pritchard said.

Underlying pre-tax profit fell 5.1% to 39.6 million pounds ($52.80 million) for the 28 weeks ended Oct. 8 as virus-related curbs on grooming services hit margins.

Revenue, however, grew to 574.4 million pounds from 546.3 million pounds a year earlier.

With pet adoptions surging during the pandemic, Pets at Home has seen strong demand for its accessories and veterinary services, recording double-digit growth in same-store sales during the last eight weeks of its second quarter.

"Pet ownership, a proxy for longer-term market growth, is increasing, and the lockdown has, if anything, accentuated our emotional bond with pets, as they play a more significant role in our daily lives," the company said.

Pets at Home, which operates 451 retail stores, said it expects full-year underlying pre-tax profit to be in line with the prior year.

(Reporting by Jasmine I S in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
All news about PETS AT HOME GROUP PLC
01/15FACTBOX-How did UK retailers fare over coronavirus-hit Christmas?
RE
01/08PETS AT HOME : Animal spirits feed Pets At Home as pandemic lifts profit
RE
01/08UPDATE : Pets at Home Logs 'High-Teens' December 2020 Sales Growth; Shares Gain ..
MT
01/08PETS AT HOME : Animal spirits feed Pets At Home as pandemic lifts profit
RE
01/08PETS AT HOME : Logs 'High-Teens' December 2020 Sales Growth
MT
2020PETS AT HOME : Closes $134 Million Sale of Five Assets to Linnaeus Group
MT
2020Kingfisher joins other retailers to return virus business rates relief aid
RE
2020Pets at Home becomes latest UK retailer to hand back COVID-19 tax relief
RE
2020Pets at Home To Return $38.8 Million Of Business Rates Relief To Britain
MT
2020Bank of America Downgrades Pets at Home to Neutral from Buy, Cuts PT
MT
More news
Financials
Sales 2021 1 099 M 1 493 M 1 493 M
Net income 2021 75,6 M 103 M 103 M
Net Debt 2021 25,9 M 35,2 M 35,2 M
P/E ratio 2021 28,7x
Yield 2021 1,83%
Capitalization 2 016 M 2 740 M 2 739 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,73x
Nbr of Employees 9 561
Free-Float 97,9%
Chart PETS AT HOME GROUP PLC
Duration : Period :
Pets at Home Group Plc Technical Analysis Chart | PETS | GB00BJ62K685 | MarketScreener
Technical analysis trends PETS AT HOME GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 444,38 GBX
Last Close Price 403,20 GBX
Spread / Highest target 31,4%
Spread / Average Target 10,2%
Spread / Lowest Target -45,4%
EPS Revisions
Managers and Directors
NameTitle
Peter Pritchard Group Chief Executive Officer & Director
Michael Ian Burke Non-Executive Chairman
David Peter Robinson Chief Operating Officer
Michael James Iddon Group Chief Financial Officer & Executive Director
William Hewish Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
PETS AT HOME GROUP PLC-3.12%2 740
CHEWY, INC.20.27%44 611
TRACTOR SUPPLY COMPANY11.28%18 346
ULTA BEAUTY5.12%17 006
NEXT PLC13.15%13 898
GRANDVISION N.V.0.20%7 839