Pets at Home returns over £100m to shareholders

Wilmslow-based pet and vet retailer Pets at Home Group published a “pre-close update” for the 52 week period from March 31, 2023, to March 28, 2024.

The company said fourth-quarter trends “have been broadly as expected across Retail and Vets, and group underlying profit before tax (PBT) for FY24 is expected to be £132m, in line with previous guidance.”

The firm added: “We expect to finish the year in a net cash position, after having returned over £100m to shareholders in FY24 via dividends and buybacks …

“Looking ahead to FY25, we are comfortable with current analyst consensus expectations for group underlying PBT.”