Pets At Home Group Plc Trading Update (9370Z)
24 Septiembre 2020 - 1:00AM
UK Regulatory
TIDMPETS
RNS Number : 9370Z
Pets At Home Group Plc
24 September 2020
FOR IMMEDIATE RELEASE, 24 September 2020
Pets at Home Group Plc: Trading Update
Sustained momentum across Retail and Veterinary operations
Pets at Home Group Plc, the UK's leading pet care business,
today provides an update on trading in the first half of our
financial year.
Our Q1 FY21 trading update on 31 July, covering the 16-week
period from 27 March to 16 July 2020, highlighted that the last
eight weeks of the Quarter had seen sales momentum returning across
all areas of the business, reflecting normalisation of shopping
habits amongst customers as well as the re-instatement of services
and permitted procedures across our Retail and Veterinary
operations.
This momentum has continued across both our Retail and
Veterinary operations during Q2 FY21, delivering double-digit LFL
growth in customer sales into and through the eight weeks to 10
September 2020.
This is testament to several factors, not least the inherent
resilience in our pet care model and the underlying pet care
market. We continue to benefit from the adaptability of our
operations to changes in customer behaviour and preferences, our
continuing investment in omnichannel capacity and customer
acquisition channels, and the clear advantages of our unique
owner-managed First Opinion veterinary model.
Although COVID-19 continues to create a number of material
uncertainties around the trading environment, including the risk of
a second lockdown, based on trading year to date, and as a
consequence of the sustained strength in performance we have seen,
we now expect full-year underlying pre-tax profit to be ahead of
current market expectations (1) . Our balance sheet and liquidity
remain strong.
We will announce our FY21 interim results on 24 November
2020.
1. As at 23 September 2020, the Company compiled consensus for
full year post-IFRS16 pre-tax profit was GBP73m
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulations (Regulation (EU)
No.596/2014). For the purposes of MAR and Article 2 of Commission
Implementing Regulation (EU) 2016/1055, this announcement is being
made on behalf of the Company by Roger Tejwani, Director of
Investor Relations & External Communication.
Investor Relations Enquiries
Pets at Home Group Plc:
Roger Tejwani, Director of Investor Relations & External
Communication
+44 (0)1279 927022
Jonny Armstrong, Head of Investor Relations
+44 (0)797 5593237
Media Enquiries
Pets at Home Group Plc:
Gillian Hammond, Head of Media & Public Affairs
+44 (0)7442 500138
Maitland/AMO
Clinton Manning
+44 (0)7711 972662
Frederica Bendit
+44 (0)7557 833442
About Pets at Home
Pets at Home Group Plc is the UK's leading pet care business;
our commitment is to make sure pets and their owners get the very
best advice, products and care. Pet products are available online
or from our 451 stores, many of which also have vet practices and
grooming salons. Pets at Home also operates a UK leading small
animal veterinary business, with 441 First Opinion practices
located both in our stores and in standalone locations, as well as
four Specialist Referral centres. For more information visit:
http://investors.petsathome.com/
Disclaimer
This trading statement does not constitute an invitation to
underwrite, subscribe for, or otherwise acquire or dispose of any
Pets at Home Group Plc shares or other securities nor should it
form the basis of or be relied on in connection with any contract
or commitment whatsoever. It does not constitute a recommendation
regarding any securities. Past performance, including the price at
which the Company's securities have been bought or sold in the
past, is no guide to future performance and persons needing advice
should consult an independent financial adviser. Certain statements
in this statement constitute forward-looking statements. Any
statement in this document that is not a statement of historical
fact including, without limitation, those regarding the Company's
future plans and expectations, operations, financial performance,
financial condition and business is a forwardlooking statement.
Such forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks and uncertainties include, among other factors,
changing economic, financial, business or other market conditions.
These and other factors could adversely affect the outcome and
financial effects of the plans and events described in this
statement. As a result you are cautioned not to place reliance on
such forward-looking statements. Nothing in this statement should
be construed as a profit forecast.
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END
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