In today's episode Adrian Lawrence our resident in-house financial professional talks about Pets at Home. The retail chain which operates 451 shops across the UK, has reported full years profits of £85m ahead of their last forecast of £77m. It's the fourth time since September that the company has updated its profit forecast and that reflects that it continues to benefit from being classed as an essential retailer and has therefore kept its stores open.
It is good to hear of a positive news story in these troubled times and Pets for home has a great reputation for service. To what extent the lockdown has encouraged pet ownership is unclear once the UK returns to normal any long term improvement will become apparent, meanwhile it is a positive story.
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