{"id":127162,"title":"Pets at Home Shares Plunge as CEO Exits and Profits Slashed","publisher":"Share Talk","author":"sharetalk","published":"2025-09-18T08:42:50+00:00","modified":"2025-09-18T08:42:50+00:00","canonical_url":"https://www.share-talk.com/pets-at-home-shares-plunge-as-ceo-exits-and-profits-slashed/","markdown_url":"https://www.share-talk.com/pets-at-home-shares-plunge-as-ceo-exits-and-profits-slashed.md","json_url":"https://www.share-talk.com/pets-at-home-shares-plunge-as-ceo-exits-and-profits-slashed.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Ian Burke","Lyssa McGowan","PETS","Pets At Home"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/09/Pets-at-Home-18-sep.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"Retailer **Pets at Home** shocked the City this morning by announcing the **immediate departure of CEO Lyssa McGowan** and slashing its profit forecast, sending shares down **20% in the last few minutes.**.\n\nThe company said McGowan had “left the business with immediate effect,” with **non-executive chair Ian Burke stepping in as executive chair** until a permanent successor is appointed.\n\nPets at Home cited a **“performance gap” in its retail operations** compared with internal plans and now expects **underlying pre-tax profits of £90m–£100m** for the current financial year. Analysts had been forecasting around **£115m**, following profits of **£133m last year**.\n\nThe company, which benefited from a surge in pet ownership during the pandemic, warned that the **UK pet retail market remains subdued**, weighing on sales and earnings."}