Updates

Pets at Home

April 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After a difficult spell shares in Pets at Home have finally bottomed with a useful bounce after the company maintained full year guidance in Q3 (after an earlier cut in November), which Panmure Liberum ascribed to “strong inventory sell through and gross margin management”. Within Retail like-for-like sales fell 2.8%, put down to a more challenging consumer backdrop and particularly weak footfall from October. More positively its digital performance has improved with strong growth in subscriptions while its optimisation of the distribution centre network is complete. The highlight was the Vets division, which increased like-for-like sales almost 20% with vet practices seeing double digit underlying growth, supported by a boost in ...

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JTC

Franchise Brands

Pets at Home (August 2024)

Pets at Home (February 2024)

Pets at Home (August 2023)

Pets at Home - Up-selling to 7.6m active customers yields 9x spend uplift if all services taken! (April 2023)

Pets at Home (February 2020)

Pets at Home - Big director buying; prospective PE just 8.5 (October 2018)

Pets at home- Services side lifts sales 29% (August 2016)

Pets at Home (February 2016)

Pets At Home - Pet retailer benefits from growth in higher margin services (August 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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