Pets at Home: Shares crater after retailer predicts slow growth in ‘subdued market’ Retail Animal care retailer Pets at Home described the market as subdued due to cautious consumers, and said it will grow more slowly than expected in the next six months – despite a big hit from the Budget. Shares fell more than 10 per cent in early trades, with the retailer’s share price now down nearly [...]
CVS: Vet probe weighs on profit but fundamentals ‘strong’ Business Veterinary group CVS has said that a competition probe into the vet sector, plus cost of living pressures and a cyber attack, negatively affected its performance over the last year. The Competition and Markets Authority (CMA) launched a formal probe into the sector in May. CVS shares plunged 20 per cent after the announcement, and [...]
Pets at Home: Revenue ticks up amid difficult year Retail and leisure Total revenue at animal care retailer Pets at Home rose by one per cent to £441.1m in the 16 weeks to July 18, with like-for-like revenue up by 0.5 per cent.