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Pets at Home Group (PETS) investor relations material
Pets at Home Group Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY27 consumer revenue rose 3.9% year-over-year to £614m, with both Retail and Vet Group segments contributing to growth.
Retail Turnaround Plan initiatives drove broad-based sales and volume growth, with category resets and store investments launched.
Retail customer satisfaction improved year-over-year, with gains in value for money, product availability, and order collection.
Financial highlights
Total Group consumer revenue increased 3.9% year-over-year to £614m for the 16-week period ending 16 July 2026.
Vet Group consumer revenue up 1.9% to £215m, outperforming the market.
Retail consumer revenue up 4.9% to £399m, with volumes growing ahead of sales.
Q1 growth benefited from a ~1% timing benefit due to the exit from a legacy insurance agreement.
Outlook and guidance
Full year FY27 guidance is maintained, with management encouraged by the strong start and ongoing momentum.
£50m share buyback program underway, with £25m expected to be completed by end of H1.
- Vet Group growth and insurance launch offset retail softness; PBT down 30% year-over-year.PETS
H2 202627 May 2026 - Vet growth and retail turnaround drive optimism despite lower profits and cash flow.PETS
H2 2026 Pre Recorded27 May 2026 - FY26 profit and sales growth meet guidance, with robust shareholder returns and positive FY27 outlook.PETS
Trading update31 Mar 2026 - Q3 FY26 saw modest revenue growth, strong vet performance, and ongoing retail turnaround.PETS
Q3 2026 TU28 Jan 2026 - Vet Group drives profit and 4.1% revenue growth as digital gains offset a subdued market.PETS
H1 202512 Jan 2026 - Vet Group drives profit surge as revenue tops GBP 1 billion in a flat market.PETS
H1 2025 Pre Recorded12 Jan 2026 - Profit down 33% as retail lags, but Vet Group growth and turnaround plan drive optimism.PETS
H1 202626 Nov 2025 - Vet-led profit growth, digital transformation, and strong cash flow drive positive outlook.PETS
H2 202520 Nov 2025 - Vet Group growth and digital gains offset retail softness, with FY26 profit guidance trimmed.PETS
Q1 2026 TU11 Aug 2025
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