海角视频

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PRIVACY
Retail & Consumer

Full-year profits set to beat expectations at retail giant Pets at Home

The group previously announced it was to repay almost £30m in business rates relief

Pets at Home store in Stockport(Image: Pets at Home)

Pre-tax profits at Pets at Home Group are set to be ahead of market expectations when the retail giant announces its full-year results in May.

The Cheshire-headquartered listed company has issued an update on its trading so far during its fourth quarter which ends on March 25, 2021.

The business said it now anticipates its full-year underlying pre-tax profits, including the previously announced repayment of business rates relief of £28.9m, to be approximately £85m, which is ahead of the previous guidance of at least £77m.

The statement added: "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 海角视频'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.

"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 is due to announce its preliminary results on Thursday, May 27.