Pets At Home Shares Fall After CEO Exit, Profit Guidance Cut

Dow Jones

2025/09/18

By Maitane Sardon

Shares in Pets at Home slumped after the U.K. pet-care company said its CEO left after three years at the helm and lowered its pretax profit guidance for fiscal 2026 amid subdued retail growth.

Shares were 13.2% lower at 198.20 pence in early morning trade Thursday.

Pets at Home said Lyssa McGowan, who became chief executive in 2022, has left the business with immediate effect.

The company said the performance of its retail business failed to meet expectations, as the pet retail market remained subdued through the second quarter.

As a result, it now expects underlying pretax profit to be in a range of 90 million pounds ($122.6 million) to 100 million pounds in fiscal 2026, compared with previous estimates of between 110 million and 120 million pounds.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

September 18, 2025 03:52 ET (07:52 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOME","symbol_name":"At Home Group Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2568424903","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2568424903","pubTimestamp":1758181920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares in Pets at Home slumped after the U.K. pet-care company said its CEO left after three years at the helm and lowered its pretax profit guidance for fiscal 2026 amid subdued retail growth.Shares were 13.2% lower at 198.20 pence in early morning trade Thursday.Pets at Home said Lyssa McGowan, who became chief executive in 2022, has left the business with immediate effect.The company said the performance of its retail business failed to meet expectations, as the pet retail market remained subdued through the second quarter.As a result, it now expects underlying pretax profit to be in a range of 90 million pounds  to 100 million pounds in fiscal 2026, compared with previous estimates of between 110 million and 120 million pounds.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HOME":"At Home Group Inc.","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"首席执行官退出、利润指引下调后Pets At Home股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1.5,"HOME":1.5},"content_text":"By Maitane Sardon \n\n\n \n\n\n   Shares in Pets at Home slumped after the U.K. pet-care company said its CEO left after three years at the helm and lowered its pretax profit guidance for fiscal 2026 amid subdued retail growth. \n\n\n  Shares were 13.2% lower at 198.20 pence in early morning trade Thursday. \n\n\nPets at Home said Lyssa McGowan, who became chief executive in 2022, has left the business with immediate effect. \n\n\n  The company said the performance of its retail business failed to meet expectations, as the pet retail market remained subdued through the second quarter. \n\n\n  As a result, it now expects underlying pretax profit to be in a range of 90 million pounds ($122.6 million) to 100 million pounds in fiscal 2026, compared with previous estimates of between 110 million and 120 million pounds. \n\n\n \n\n\n  Write to Maitane Sardon at maitane.sardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 18, 2025 03:52 ET (07:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"executive,dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}