UK's Pets At Home gains; updates mid-term targets

Pets at Home

28/05/2025 09:10

** Shares of Pets At Home PETSP.L rise 3.4% to 271.2p

** Stock's highest level since November 2024

** Pet care company updates medium-term outlook; aims for single-digit consumer revenue growth and pre-tax profit growing faster than sales

** We see it as a pragmatic, less prescriptive, and more conservative outlook - Jefferies

** Annual underlying pre-tax profit in line with expectations despite a tougher Q4, according to Jefferies

** Stock up 30.7% YTD

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))