)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Pets at Home Group (PETS) investor relations material
Pets at Home Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary26 Nov, 2025
Executive summary
Group consumer revenue grew 0.7% to £1.06bn, but group profit fell 33% to £36.2m, mainly due to retail underperformance, while the Vet Group delivered strong growth and now represents the majority of group profits and cash flow.
Retail business faced significant challenges, including subdued consumer confidence, lagging innovation, slow adaptation to trends, and execution issues, prompting a turnaround plan focused on product, price, execution, and cost.
The Vet Group, leveraging a joint venture model, grew revenue by 6.7% and profits by 8.3%, underpinned by sector-leading capabilities and continued expansion.
Strategic priorities include resetting product ranges, improving pricing competitiveness, enhancing execution, and reducing support office costs by £20m by FY 2027.
Search for a new CEO is underway, but leadership remains focused on addressing current challenges.
Financial highlights
Group profit declined by 33% year-over-year to £36.2m, with retail profits at £3.5m and Vet Group profits at £44.9m.
Group consumer revenue reached £1.06bn, up 0.7% year-over-year; retail revenue declined 2.3% to £680m, Vet Group revenue grew 6.7% to £376m.
Group cash flow/free cash flow increased 2.6% to £34m, underpinned by Vet Group cash generation of £54m.
Group gross margin declined by 80bps to 45.5%, with retail down 105bps and Vet Group up 29bps.
Online sales grew double digits, now representing 20% of retail sales, with 30% of online orders collected in-store.
Outlook and guidance
Full-year underlying PBT expected to be £90–100m, with guidance reconfirmed and Vet Group expected to deliver PBT over £80m.
Retail turnaround plan is gaining traction, with sequential improvement in retail performance and further benefits expected as initiatives roll out.
Insurance launch on track for 2026, with expected FY26 losses of £5m.
Full-year tax rate expected at 27-28%; net debt to finish the year around £25m.
How will Pets at Home regain AN market share?
How will H2 Vet Group FCF be impacted by unwind?
What is the Retail goodwill impairment sensitivity?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Pets at Home Group earnings date
Q3 2026 TU28 Jan, 2026
Next Pets at Home Group earnings date
Q3 2026 TU28 Jan, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Petrofac Limited is a engineering and construction services company primarily involved in the engineering, construction and installation of oilfield facilities. The Company operates through three segments: Engineering & Construction (E&C), Asset Solutions, and Integrated Energy Services (IES). Pets at Home Group Plc was founded in 1991 and is based in Handforth, the United Kingdom.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage