Home Business Pets At Home – CEO Goes For A Walk

Pets At Home – CEO Goes For A Walk

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

Pets at Home Group PLC (LON:PETS) CEO, Peter Pritchard, is stepping down as CEO. He will remain “fully engaged in his role as Chief Executive Officer until late May 2022”. Mr Pritchard has been with Pets at Home for eleven years.

Q3 2021 hedge fund letters, conferences and more

The group also provided a brief update on trading. The positive trends seen at the end of the last financial year have continued. Pets at Home has upped its guidance for full year underlying pre-tax profit, and now expects this to be at the top end of the £128m-£135 range.

The shares fell 3.6% following the announcement.

Pets at Home CEO Quits

Sophie Lund-Yates, equity analyst at Hargreaves Lansdown:

“The market reaction to Pets at Home’s CEO walking away is simple disappointment. Mr Pritchard has overseen an impressive turnaround, and guided the Pet superstore through astonishing growth during the pandemic. However, this is a natural time to walk away. This isn’t a case of a less savoury ousting or running for the hills. The baton being passed onto any successor is in a much better condition than it was, and the wider challenge for the newcomer will be coming up with ways to keep gathering momentum.”


About Hargreaves Lansdown

Over 1.67 million clients trust us with £138.0 billion (as at 30 September 2021), making us the UK’s number one platform for private investors. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month.

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Jacob Wolinsky
Editor

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.