Retailer’s share price soars to record high on upbeat profit forecast
The share price of Cheshire retailer Pets at Home hit an all-time high today after predicting profits would be higher than expected this year.
Its shares had already recovered from the market fall caused by the coronavirus lockdown and today soared 27% - adding more than £400m to the company's market value.
In a statement to the stock market, the FTSE 250 company said: “As a consequence of the sustained strength in performance we have seen, we now expect full-year underlying pre-tax profit to be ahead of current market expect... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
