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UK pet store Pets at Home faces financial strain with rising costs and falling sales, leading to a stock drop.
UK pet retailer Pets at Home warned of slowed consumer demand and a potential £18 million cost increase due to new tax measures, causing its shares to drop by over 10%.
Despite a 1.9% revenue rise to £789.1 million, retail sales grew only 0.1%, affected by a declining market and digital transition.
The company expects profits to grow modestly from around £132 million, below previous estimates of £144 million.
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Tienda de mascotas del Reino Unido Pets at Home se enfrenta a una tensión financiera con el aumento de los costos y la caída de las ventas, lo que conduce a una caída de existencias.