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Pets at Home - Eps forecast of 13.6p

September 2018

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.

  • Epic Code:
  • PETS
  • Price:
  • 118p
Proving pet spending is more buoyant than general retail, Pets At Home’s Q1 update reported strong revenue growth across both divisions. The period saw it halve the previous price gap with online sellers and add an "easy repeat" option for delivery on 350 products boosting the Retail business, which has had its “biggest ever summer.” Retail sales were up 6.9% to £245m or 5.3% on a like-for-like basis. Vet Group grew sales by 18.4% to £32.4m (+13.6% like-for-like) helped by reinvigorating its “best start to life” healthcare plan with a 50% discount.Pets opened one store and seven vets in the period but the new CEO has clearly decided to slow down openings, with two retail openings ...

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