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flag UK pet supplies retailer Pets at Home warns of up to 17% drop in annual profits due to falling sales.

flag Pets at Home, a UK pet supplies retailer, warned that annual profits could drop by up to 17% due to challenging market conditions. flag The company reported a 3% drop in like-for-like retail sales over the 16 weeks to July 17, marking the third consecutive quarter of falling sales. flag Despite this, the Vet Group offering saw a 7.8% rise in like-for-like revenues. flag Pets at Home now expects annual profits to fall to between £110 million and £120 million, down from £133 million last year. flag Shares in the company fell over 8% after the profit alert.

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