Pets at Home Group (LON:PETS) executives said the company is seeing early signs of momentum from its retail turnaround plan, while cautioning that the veterinary business is likely to see more subdued revenue growth in the near term before improving as the pandemic-era pet cohort ages.
Speaking on the company’s preliminary results call, Chief Executive Officer James Bailey, who said he has been in the role for about eight weeks, said he was “encouraged” by what he has found in the business, citing “committed and capable colleagues,” well-invested infrastructure and strong customer metrics. Bailey was joined on the call by Chief Financial Officer Sarah and members of the investor relations team.
