Business
Q3 FY26 Trading Statement
Pets At Home Group Plc reported a Q3 FY26 trading performance in line with expectations, with group consumer revenue up 0.8% to £472 million, driven by a 5.0% increase in Vet Group consumer revenue. Retail consumer revenue saw a 1.1% decline, though this included positive volume growth and sequential improvement, with online channels showing low teens growth. The company anticipates FY26 underlying profit before tax to be in line with consensus, estimated at £93 million. Subscription sales continue to grow strongly, now representing 15.0% of consumer revenues, and vet expansion plans remain on track with 10 new practices and 15 vet extensions planned for FY26. Disclaimer*
About this update from Pets At Home Group Plc
FOR IMMEDIATE RELEASE, 28 JANUARY 2026 Pets at Home Group Plc: Q3 FY26 Trading Statement for the 12 week period to 1 January 2026 Performance in line; FY26 uPBT to be in line with consensus Highlights · Group consumer revenue1 up by 0.8% to £472m. · Vet Group consumer revenue up 5.0%, performance was in line with our expectations, with growth supported by average transaction values and growth in Care Plan revenues and plans. · Retail consumer revenue down 1.1% included positive volume growth across food and accessories. Q3 saw sequential improvement in growth during a period where we invested in our relative price position. Online remains the fastest growing channel, delivering low teens growth throughout the quarter. · Total Group statutory revenue down 1.0% to £358m, with Group like-for-like2 (LFL) revenue down 0.7%. · Q3 retail transactions were broadly flat. This is currently a better underlying indicator of our customer health than Pet Club members which dropped 6.9% to 7.6m in part due to a change in methodology9, which has also had a corresponding positive impact on Average Consumer Value. · Retail consumer satisfaction remains high, increasing +3pts vs Q3 last year led by improvements in value for money, colleague service and availability. · Subscription sales remained in strong growth, now representing 15.0% of our consumer revenues. 5% of Pets Club members now have an Easy Repeat subscription, with more than 50% of Vet clients having a Care Plan. · Vet expansion plans on track, with 10 new practices and 15 vet extensions to be delivered in FY26. Current trading and outlook · Q3 fell within the range of our expectations and we expect to deliver FY26 underlying PBT in line with current consensus* · All other guidance remains unchanged from our interims announcement. Ian Burke, Interim Executive Chair: "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 ...
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