Pets at Home reports 13.7% decline in pre-tax profits to £105.7m due to weak accessories sales and transition issues.
Pets at Home profits dip due to weak accessories sales and transition issues, reporting a 13.7% decline in pre-tax profits to £105.7m for the year ending March 2024. The company's revenues grew 5.2% to £1.5bn, but weak sales of accessories and short-term availability issues during the transition to a new distribution centre impacted profitability. The company remains confident in its growth strategy and is not threatened by the ongoing watchdog review into the vet industry.
May 28, 2024
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