UK's Pets at Home set for best day in 10 months after holding on to profit forecast
28/01/2026 09:34
** Shares of Pets at Home PETSP.L up ~5% at 210.4p, set for best one-day gain since April 2025 ** Co keeps 2026 profit forecast unchanged despite drop in Q3 revenue, which was partly due to price cuts as part of a turnaround plan ** Interim Executive Chair Ian Burke says, with new CEO and CFO from spring, focus is on building momentum behind turnaround plan ** Panmure Liberum analysts: "Pricing actions are beginning to take effect in the food and accessories categories, where performance is starting to improve, while the Vets business continues to deliver solid momentum" ** Stock now more than 6% higher YTD after a near4% drop in 2025 (Reporting by Ankita Bora in Bengaluru) ((Ankita.Bora@thomsonreuters.com))