Top story:
Pets at Home’s revenue fell slightly in its third quarter hit by weaker retail demand for pet accessories.
The FTSE-250 company said revenue dropped 0.2% to £361.6m in the 12 weeks to 2 January.
Like-for-like retail sales were down 2.8% due to “particularly weak footfall from October”, although overall revenue was propped up by its veterinary arm which boosted sales by 19.9%.
Full story available here.
Morning update:
Soft drinks maker AG Barr saw double digit profit growth and revenue up 5% last year as its three core brands all performed strongly.
Revenue grew to £420m for the full year ending 25 January, according to a company trading update, while operating margin recovered to 13.5% helping to drive “double digit profit growth”.
AG Barr said Rubicon was the stand-out performer with another year of double-digit revenue growth.
Full story available here.
SSP shares lept 5% in early trading after it posted like-for-like sales growth of 6% in the first quarter of the year.
The Upper Crust owner said it had seen a strong sales performance in all regions, underpinned by structural growth across the travel industry around the world.
Full story available here.
Shop prices fell for the second consecutive month as retailers dialled up their January promotions, according to the monthly BRC-NIQ shop price index.
The rate of shop price deflation eased to 0.7% in January, fuelled by food inflation falling to 0.2%.
Full story available here.
No comments yet