UK's Pets At Home raises annual profit forecast for third time – Reuters.com

A pet groomer tends to a dog at The Groom Room, at Pets at Home in Milton Keynes, following the outbreak of the coronavirus disease (COVID-19), Milton Keynes, Britain, June 8, 2020. REUTERS/Andrew Boyers
Feb 26 (Reuters) – Britain's Pets At Home (PETSP.L) on Friday lifted its annual underlying pre-tax profit forecast for the third time in six months, boosted by surging demand for all its products as people turned to pets for comfort during the COVID-19 pandemic.
The company, which was able to keep its shops open during the latest lockdown in Britain, forecast full-year underlying pretax profit of about 85 million pounds ($118.39 million), ahead of its earlier outlook of at least 77 million pounds.
Recent progress around the roll-out of COVID-19 vaccines has also helped reduce the level of uncertainty ahead, said the pet supplies retailer which has benefited from a surge in pet adoptions during lockdowns.
The company, which operates 451 retail stores offering pet grooming services and insurance products, has been doing well throughout the pandemic, starting in March when its sales were lifted by lockdown-led stockpiling.
Pets At Home posted a surge in third-quarter sales last month, helped by its retail and veterinary operations as well as demand for toys and accessories over Christmas and Black Friday.
($1 = 0.7180 pounds)
Our Standards: The Thomson Reuters Trust Principles.
Subscribe to our newsletter to get all the news you need to start your day.
Starbucks Corp said on Monday Howard Schultz would remain the coffee chain's interim chief executive officer until the end of March, as it looks for a permanent successor.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved

source

Leave a Reply

Your email address will not be published. Required fields are marked *

Prev
How A.D.H.D. Can Affect Your Relationships – The New York Times

How A.D.H.D. Can Affect Your Relationships – The New York Times

AdvertisementSupported byThe symptoms of attention deficit hyperactivity

Next
Paris Hilton calls her parents 'relationship goals' as she marks their 42nd anniversary – Daily Mail

Paris Hilton calls her parents 'relationship goals' as she marks their 42nd anniversary – Daily Mail

Paris Hilton calls her parents ‘relationship goals’ as she marks

You May Also Like