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| Pets at Home shares sink 9% on 'disappointing' results | Pets at Home shares sink 9% on 'disappointing' results |
| (about 1 hour later) | |
| Shares in pet superstore Pets at Home fell after the company said some sales figures were "weaker" than expected. | Shares in pet superstore Pets at Home fell after the company said some sales figures were "weaker" than expected. |
| The shares fell 9%, the steepest fall since it floated in London last year. | |
| First-half sales for stores open at least a year rose 1.8%, led by specialist pet food sales and grooming. | |
| "Trading in parts of the business has been weaker than expected," chief executive Nick Wood said. "Our full year profit outlook is broadly in line with market expectations." | "Trading in parts of the business has been weaker than expected," chief executive Nick Wood said. "Our full year profit outlook is broadly in line with market expectations." |
| Analysts at broker Liberum called the results "disappointing". | Analysts at broker Liberum called the results "disappointing". |
| Total sales rose 6% to £404.5m, the company said in a statement. | Total sales rose 6% to £404.5m, the company said in a statement. |
| In a year's time, the firm will have 408 stores, up from 385. | In a year's time, the firm will have 408 stores, up from 385. |