Expansion And M&AHigh acquisition costs in the pet sector, reflected in a mid-20s EBITDA multiple, signal expensive growth which may worry investors.
Financial PerformanceLowered guidance for FY25 impacts organic sales, expected at the low end of the range, and reflects larger promotional investments affecting financial figures.
Investment And GrowthIncremental investment spending by the company raises concerns about its sufficiency and potential impact on performance.