Pets at Home Group has maintained that its retail turnaround plan is “on track” in a pre-close trading statement.
Covering the 52-week period to March 26, 2026, the retailer revealed that its plan to improve four core areas of Product, Price, Execution and Cost is progressing, with volume growth and like for like sales growth recorded and Q4 improving “sequentially” compared to Q3. During the period, the retailer has implemented a number of price investments and completed £20m worth of overhead savings.
The group’s retail division will deliver underlying pre-tax profit of around £30m for the full year, the statement said, while its veterinary division will deliver pre-tax profit of c£83m, shared between the retailer and its independent vet partners. Total group underlying profit before tax for FY26 is expected to be c£92m, in line with previous guidance given to the market.
The group welcomed the Competition and Market Authority’s final report on the veterinary services market, and expects “no adverse impact on the growth strategy or ambitions for our Vet Group from the outcome”.
