Pets At Home – CEO Goes For A Walk

Pets At Home – CEO Goes For A Walk
susannp4 / Pixabay

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.

.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; }

Get The Full Henry Singleton Series in PDF

Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q3 2021 hedge fund letters, conferences and more

Half Moon Reports Q3 Loss Of -2.4% As Short Profits Fail To Make Up For Long Losses

Half Moon

Half MoonHalf Moon Capital returned -2.4% net of fees in the third quarter of 2021, according to a copy of the firm’s latest investor update, which ValueWalk has been able to review. Throughout the period, the hedge fund maintained an average exposure of 56.3% net, which was slightly above its average net exposure since inception (2012) Read 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.

Updated on Nov 3, 2021, 2:49 pm

Comments are closed.