Pets at Home Faces Retail Crisis, Vet Arm Shines
Update: 2025-11-26
Description
Pets at Homes retail division faces severe challenges, with a staggering 84% drop in profits. Interim boss Ian Burke calls for urgent action, outlining a turnaround strategy. The veterinary arm performs well, but overall group profit still declines by 33.5%. The company announces a restructuring, expecting a one-off cost of £6-8m and cutting costs by £20m. They aim to stabilize and rebuild momentum in the retail business before appointing a new CEO.
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