Pets at Home shares up as vet business performs

Shares of Wilmslow-based pet and vet retailer Pets at Home Group — currently awaiting a new CEO and CFO — rose as much as 6% after it published a third-quarter trading statement for the 12 week period to January 1, 2026.

Pets at Home said group consumer revenue was up 0.8% to £472 million. Vet Group consumer revenue rose 5%.

Retail consumer revenue was down 1.1% but included positive volume growth across food and accessories.

The firm said total group statutory revenue was down 1% to £358 million, with group like-for-like (LFL) revenue down 0.7%.

Pets at Home Interim Executive Chair Ian Burke said: “Our dedicated pet care colleagues and veterinary partners helped us to deliver a solid Q3 performance, which will enable us to achieve an FY26 underlying PBT outcome in line with consensus expectations.

“I’m pleased to report continued strong performance in our Vet business and sequential improvement in Retail, as we continue to implement our Retail Turnaround Plan.

“One of our key early actions as part of this plan included investing in our customer offer, reducing the price of over 1,000 products by an average of 12%, ensuring our customers know they can trust us to provide great value for them and their pets.

“With a new CEO and CFO joining in spring, our focus for the remainder of the year is on building momentum behind our four turnaround plan priorities of Price, Product, Cost and Execution, to deliver our FY26 plan and to return our Retail business to sustainable sales and profit growth.”