Retailer Pets at Home has reported it is on course to achieve its expected pre-tax profit of £132m for the year.
The pre-close update, in respect to the 52-week period from March 31, 2023 to March 28, 2024, says that Q4 trends have been “broadly as expected” across both retail and veterinary divisions, with group underlying profit before tax for FY24 expected to be £132m, in line with previous guidance.
The retailer added that it has successfully launched a new digital platform to consumers, offering much improved user experience and functionality across app and website, while its new Stafford distribution centre “continues to function well”, supporting all store deliveries, with availability at historically high levels.
Looking ahead to next year, the company stated it was “comfortable” with current analyst consensus of pre-tax profit of £144m (with a range of £137m-£150m) for FY25.
