Pets At Home Group H1 Pretax Profit Declines; LFL Revenue Up 6.2%
Pets at Home Group Plc (PETS.L) reported that its first half pretax profit declined to 34.7 million pounds from 53.4 million pounds, last year. Earnings per share was 5.2 pence compared to 8.6 pence. Underlying trading pretax profit declined to 47.8 million pounds from 59.2 million pounds. Underlying trading earnings per share was 7.3 pence compared to 9.5 pence. Underlying profit was impacted by continued investment in the platform with higher logistics costs and brand relaunch, the Group said.
For the 28 week period ended 12 October 2023, revenue increased to 774.2 million pounds from 727.2 million pounds, prior year. Group like-for-like revenue was up 6.2%.
The Board has recommended an interim dividend of 4.5 pence per share, in line with last year. It will be payable on 12 January 2024 to shareholders on the register at the close of trading on 8 December 2023.
The Board has approved the appointment of Deloitte LLP as auditor of the company for the 52-week period ending 27 March 2025. KPMG, the current auditors, will step down following completion of the audit for the 52-week period ending 28 March 2024.
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Original: RTT – Earnings: Pets At Home Group H1 Pretax Profit Declines; LFL Revenue Up 6.2%