Pets at Home launches ‘retail turnaround plan’ as profits slide

Pets at Home has pledged rapid action to revive its underperforming retail division after reporting weaker profits and flat group revenues in the first half of FY26.
For the 28 week period ending 9 October,  the pet retail giant posted statutory revenue of £778.3m, down 1.3%, with statutory profit before tax sliding 29% to £36.2m. Underlying profit before tax also fell sharply, down 33.5%, reflecting a severe profit drop in Retail.
Interim Executive Chair Ian Burke, who stepped