Merchandise LFLs of +6.8% slightly ahead of 2Q rate against weaker comparative benefiting from price investment and 77% growth of online (c half of the merchandise LFL), Services LFL +10.1%. Full year guidance elements unchanged. We expect small (1-2%) upward revisions to 3/18E PBT consensus today.
23 Jan 2018
Encouraging on sales as price re-positioning (down) spreads
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Encouraging on sales as price re-positioning (down) spreads
Pets At Home Group Plc (PETS:LON) | 270 0 0.0% | Mkt Cap: 1,263m
- Published:
23 Jan 2018 -
Author:
Tony Shiret -
Pages:
3
Merchandise LFLs of +6.8% slightly ahead of 2Q rate against weaker comparative benefiting from price investment and 77% growth of online (c half of the merchandise LFL), Services LFL +10.1%. Full year guidance elements unchanged. We expect small (1-2%) upward revisions to 3/18E PBT consensus today.