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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Pets at Home Group Plc    PETS   GB00BJ62K685

PETS AT HOME GROUP PLC

(PETS)
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Pets At Home : first-quarter sales drop less than feared

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07/31/2020 | 01:57am EDT

Pets At Home posted a 1% fall in first-quarter revenue on Friday while saying it ended the quarter ahead of expectations as people seeking animal company in coronavirus lockdowns offset the impact of fewer owners going to the vet.

The British pet supplies company said that active VIP members grew 20.3% in the quarter and retail revenue rose, helped by strong merchandise sales.

Shares were up 6.7% at 275.8 pence by 0717 GMT.

The company said that while group like-for-like revenue fell 13.5% in the first eight weeks, it made a strong recovery in the second-half of the quarter, jumping 12%.

"It has...been encouraging to see tangible signs of heightened demand for pet ownership, a good proxy for longer term growth in the market, as people adopt new attitudes to work and leisure pursuits," the company said.

The company, which has 453 retail stores, said costs related to the pandemic will remain high and that current year's business rates relief will not mitigate the estimated financial impact of coronavirus.

It remains difficult to make a clear assessment of the near-term outlook, it said, adding that liquidity remains strong.

Vet revenue was down 10.9% for the 16 weeks ended July 16, reflecting the impact of restrictions on permitted procedures during the early stages of the pandemic, the company said.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Vinay Dwivedi)

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Financials
Sales 2021 1 020 M 1 334 M 1 334 M
Net income 2021 51,4 M 67,2 M 67,2 M
Net Debt 2021 39,5 M 51,7 M 51,7 M
P/E ratio 2021 30,0x
Yield 2021 2,14%
Capitalization 1 557 M 2 046 M 2 037 M
EV / Sales 2021 1,57x
EV / Sales 2022 1,44x
Nbr of Employees 9 561
Free-Float 93,7%
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Technical analysis trends PETS AT HOME GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 286,25 GBX
Last Close Price 311,40 GBX
Spread / Highest target 15,6%
Spread / Average Target -8,08%
Spread / Lowest Target -32,6%
EPS Revisions
Managers
NameTitle
Peter Pritchard Group Chief Executive Officer & Director
Michael Ian Burke Non-Executive Chairman
David Peter Robinson Chief Operating Officer
Michael James Iddon Group Chief Financial Officer & Executive Director
William Hewish Chief Information Officer
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