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BUZZ-Pets at Home: LFL sales miss estimate

Reuters - UK Focus

** Pet shop group Pets at Home (LSE: PETS.L - news) down c.5 pct, one of the top losers on the FTSE-250 midcap index

** 1Q16 LFL sales of 1.7 pct vs. analysts est of c.3 pct

** LFL sales partially offset by a poor season for Health & Hygiene products and very hot weather in July

** "The weather contributed to it more negative than we had planned so it had effect on our like-for-like by about 0.9 percent in total," CEO Nick Wood said

** Stock, up almost 40 pct YTD, is trading on 16.8x cal' 16E PE, at c.8 pct premium to the UK General Retail sector (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)