Pets at Home Group Plc

Pets at Home’s £20 m cost‑cut plan faces a 33.5 % profit fall – can UK pet‑retailer’s savings spark growth or just stall a shrinking market?

Pets at Home Group Plc’s share price plummeted by 33% after the company announced the immediate resignation of its CEO and issued a second profit warning in less than two months, citing subdued retail performance and a softer market environment.

Pets at Home Group Plc has reported a year of significant growth, driven by its robust veterinary operations and strong retail segments, with positive guidance for the fiscal year 2026.