Pets at Home has revealed it is still on track to meet its full-year guidance of £92m in underlying pre-tax profit.

The retailer said its turnaround plan had progressed well and that it had implemented price investments to complete £20m in group overhead savings.

Pets at Home was reporting a pre-close update covering its financial year to 26 March, ahead of announcing its full-year preliminary results on 27 May.

In its H2 period, Pets at Home reported that its retail business had seen volume growth, and that it delivered positive like-for-like sales growth, with Q4 improving sequentially over Q3. The company said its retail business will deliver underlying pre-tax profit of around £30m in FY26.

The FTSE 250 company said it is expecting to finish FY26 in a net debt position of around £20m, having returned an estimated £85m to shareholders via dividends and buybacks during the year.

Pets at Home also welcomed the final decision report of the recent veterinary services market investigation by the Competition and Markets Authority (CMA).

“We continue to expect no adverse impact on the growth strategy or ambitions for our vet group from the outcome,” the company said in a statement.

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