Pets at Home has warned its profits will not be as high as previously forecast after its retail sales faulted. The group said that while its third quarter "saw resilient growth against a challenging comparative", progress in its retail business was "not at the levels we had expected." Pets at Home added that it now expects its full-year underlying pre-tax profits to be around £132m, which "assumes no sequential improvement in our retail business LFL run rate through Q4 as we trade against a period of exceptionally strong trading last year".

(c) 2024 City A.M., source Newspaper