UK’s Pets at Home’s annual profit slumps on weaker retail demand, price cuts

A pet groomer tends to a dog at The Groom Room, at pets at home in Milton Keynes, Britain, June 8, 2020. REUTERS
May 27 (Reuters) – UK pet ​care retailer ‌Pets at Home reported ​a ​30.2% drop in annual ⁠underlying ​pretax profit ​in line with market expectations ​on ​Wednesday, as weaker ‌retail ⁠earnings and price cuts ​offset ​continued ⁠growth in its ​veterinary ​business.

Reporting ⁠by Nithyashree R ⁠B ​in ​Bengaluru; Editing by ​Rashmi Aich

 

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