- “Pet humanisation” and more affluent new owners to support spending growth
- Dividends hiked by 48 per cent, with £50mn of share buybacks planned
A meteoric rise in pet ownership among the house-bound masses during the pandemic turned Pets at Home (PETS) into a solid winner over the past two years. However, easing restrictions and the return to working in offices have prompted a one-third drop in shares to over the past 12 months.