---
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"
date: 2025-09-18
canonical: "https://www.share-talk.com/pets-at-home-shares-plunge-as-ceo-exits-and-profits-slashed/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Ian Burke", "Lyssa McGowan", "PETS", "Pets At Home"]
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"
---

# Pets at Home Shares Plunge as CEO Exits and Profits Slashed

**Published:** September 18, 2025
**Author:** sharetalk
**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)

---

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.**.

The 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.

Pets 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**.

The 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.

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**Original URL:** https://www.share-talk.com/pets-at-home-shares-plunge-as-ceo-exits-and-profits-slashed/
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