Pets At Home Group Plc Trading Update (4218Q)
26 Febrero 2021 - 1:00AM
UK Regulatory
TIDMPETS
RNS Number : 4218Q
Pets At Home Group Plc
26 February 2021
FOR IMMEDIATE RELEASE, 26 February 2021
Pets at Home Group Plc: Trading Update
Continued strong performance during Q4 resulting in upgrade to
full-year outlook
Pets at Home Group Plc, the UK's leading pet care business, is
pleased to provide an update on trading during the fourth quarter
of our current financial year.
In our trading update on 8 January 2021, our guidance for
full-year profit out-turn reflected a number of ongoing
uncertainties over the near-term outlook, including renewed
challenges from higher Covid infection rates and restrictions on a
national level, as well as potential supply disruption relating to
the UK's exit from the European Union.
Notwithstanding this challenging external environment, our
performance over the last eight weeks has been ahead of
expectations, with continued strong and broad-based growth across
all channels and categories.
Accordingly, based on trading year to date, we now anticipate
full-year underlying pre-tax profit, including the previously
announced repayment of business rates relief of GBP28.9m, to be
approximately GBP85m, which is ahead of our previous guidance of at
least GBP77m (1) .
While recent positive progress around vaccinations for Covid-19
reduces the level of uncertainty ahead, our priority remains
safeguarding the health, safety and wellbeing of all of our
colleagues, partners and customers.
The Group will announce its FY21 Preliminary results on
Thursday, 27 May 2021.
1. In our trading update on 8 January 2021, we anticipated FY21
Group underlying pre-tax profit on a post-IFRS16 basis, including
the previously announced repayment of business rates relief of
GBP28.9m, to be at least GBP77m.
- End of announcement -
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
Chris Ridgway, Head of Investor Relations
+44 (0)7788 783925
Media Enquiries
Maitland/AMO:
Clinton Manning
+44 (0)7711 972662
Joanna Davidson
+44 (0)7827 254567
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 440 First Opinion practices
located both in our stores and in standalone locations. 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 trading 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 forward-looking
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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