Author: Mark Rogers

Food

Home pets are down as sales are not expected

Engaged in pet retailer Pets at Home (LSE: PETS) fell 2.6% in early trading Tuesday after the company said quarterly sales “didn’t quite hit” expected levels. The FTSE 250 company now expects full-year pre-tax profit at the lower end of previous guidance.In a trading update, Pets and Home said total group revenue rose 4.3% to £362.4 million in the three months to January 4. On a like-for-like basis, growth was 4.4%. The company’s veterinary division saw a “strong” 13% jump in sales, helped by additional vet recruitment. Article Continues Below AdvertisementHowever, growth of 3.5% in the retail division was below…

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