Pets at Home ( (GB:PETS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Pets at Home’s stock has been on the rise, driven by the company’s ability to navigate retail challenges with a notable 2.3% increase in consumer revenue for Q3 FY25. This uptrend is largely thanks to a strong 20% growth in its Vet Group business. Analyst Andrew Wade from Jefferies has maintained a Buy rating, showcasing confidence in the company’s strategic efforts like effective margin management and cost-saving strategies. These measures are helping Pets at Home manage weaker retail sales and consumer foot traffic, while the company remains committed to its fiscal year 2025 guidance and prepares for potential sales growth in fiscal year 2026.
More about Pets at Home
YTD Price Performance: 2.33%
Average Trading Volume: 1,472,185
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £957.8M
For further insights into PETS stock on TipRanks’ Stock Analysis page.
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