May 22, 2019 / 7:27 AM / 7 months ago

BUZZ-Pets At Home: Up on improved outlook, consensus beat

** Pet care business Pets At Home’s shares up 8.2% at 160.2 pence - on track for best day since Jan

** Co says FY20 profit to be higher than expected after the outperformance in FY19.

** Expects Vet Group business to generate underlying profit, free cash flow growth from FY21

** Posts FY revenue of 961 mln stg, beating consensus estimate of 951 mln stg

** Co posts FY underlying pretax profit of 84.5 mln pounds, surpassing consensus estimate of 83 mln pounds

** “We are confident about the year ahead, entering FY20 with good momentum and on a higher revenue and profit base than previously anticipated” - co (Reporting by Sangameswaran S in Bengaluru)

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