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Pets at Home Group Plc has warned of lower-than-expected profits due to weak consumer confidence and the decline of the pandemic-driven surge in pet ownership. The company's stock fell by as much as 10% in London, reflecting a more than 20% drop since the beginning of the year. For fiscal 2025, underlying profit before tax is now expected to grow modestly to £132 million, down from previous guidance of £144 million, according to a statement.
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