Pets At Home FY26 Profit Down, Cuts Dividend, Plans GBP 50 Mln Buyback; To Meet FY27 Consensus

Pets At Home Group reported lower fiscal 2026 profit and slightly lower revenues, indicating a softer operating backdrop. The company also trimmed its dividend but offset some of the weakness by announcing a further £50 million share buyback to be completed over the next 12 months. Overall, the update points to modest earnings pressure with continued capital returns support.

Analysis

Pets At Home Group reported lower fiscal 2026 profit and slightly lower revenues, indicating a softer operating backdrop. The company also trimmed its dividend but offset some of the weakness by announcing a further £50 million share buyback to be completed over the next 12 months. Overall, the update points to modest earnings pressure with continued capital returns support.