Pets at Home (GB:PETS) has released an update.
Pets at Home Group Plc has reported a year of foundational growth, launching a digital platform and a new distribution center, expanding their veterinary services, and enhancing their pet care centers, resulting in a 5.2% group revenue increase to £1.5bn. Despite facing challenges such as a decline in underlying profit before tax (PBT) by 3.2% and statutory PBT by 13.7%, the company remains optimistic, with a resilient pet care market and plans for a £25m share buyback following a completed £100m over the past two years. Their integrated pet care platform and unique vet business model are expected to drive long-term sustainable value for stakeholders.
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