Pets at Home holds guidance despite sales dip

Pets at Home has maintained its full-year guidance despite reporting softer third quarter trading in its retail arm following a “more challenging UK consumer”.
Retail sales for the pet specialist fell 2.4% in the 12 weeks to 2 January, down 2.8% on a like-for-like basis, which it blamed on “a more challenging UK consumer backdrop with particularly weak footfall from October”.
However, it noted an “improved” digital performance and strong growth in its subscrip