Pets At Home Group Plc (PETS.L) reported lower profit for fiscal 2026, alongside slightly reduced revenues, a trimmed dividend, and a new share buyback program.
The company announced a GBP 50 million share buyback, which is expected to be completed over the next 12 months.
Profit before tax for the full year fell 28.3 percent to 86.5 million pounds, compared to 120.6 million pounds in the prior year.
Earnings per share dropped to 13.6 pence from 18.8 pence recorded in the same period a year ago.
Group underlying profit before tax came in at 92.8 million pounds, down from 133.0 million pounds in the prior year.
Underlying earnings per share were 14.6 pence, compared to 20.8 pence in the previous year.
Group revenue edged down 0.8 percent to 1.450 billion pounds from 1.482 billion pounds in the prior year.
Total Group consumer revenue increased 1.0 percent from the prior year to 1.98 billion pounds.
The Board recommended a final dividend of 2.7 pence per share, bringing the total dividend for the year to 7.4 pence per share, a decline of 43.1 percent from 13.0 pence per share last year.
The final dividend will be payable on July 15 to shareholders on the register at the close of trading on June 5.
Looking ahead to fiscal 2027, the company said it is “comfortable with consensus expectations” for Group underlying profit before tax, currently pegged at 98 million pounds.
In the year to date, Pets At Home noted that retail sales growth has accelerated further against tougher comparatives, with mid-single digit sales growth and faster volume growth.
