Jollyes Pets to double store estate after 8.7% revenue growth
Jollyes Pets has announced plans to double the size of its store estate over the next five years as it reported 8.7% annual revenue growth.
In the year to 31 May, like-for-like sales excluding new stores increased by 4.3%, while revenue climbed to £169 million, with transactions rising by 7%.
During the year, Jollyes rolled out new own label brands, including value range Simply Jollyes, and extended its frozen food range to include brands like Dibo for the growing number of customers who see the benefits of raw feeding for their pets.
Subscribe to TRBAdam Dury (pictured), Jollyes chief executive, said: “This was a strong year for Jollyes as we transformed our offer, built our store network at pace and invested in our colleagues.
“But this is only the beginning – we’re determined to accelerate our growth as we bring Jollyes’ value to more places to serve more communities.”
Jollyes is planning to double its store estate in the next five years from 123 to over 250 and has previously published a list of target locations. It will open its 124th store in Derby on 10 July, with additional openings planned in Evesham (14 August), Great Yarmouth (21 August), Sheffield (4 September), Seaham (11 September) and Mansfield (25 September).
Dury said: “This full-year growth reflects the strength of our value strategy and the growing loyalty of pet owners across the UK, giving us real confidence as we push ahead with our five-year plans to double the size of the business.
“Our compelling price leadership, combined with the expertise of our people and the continued development and innovation in our ranges, gives us an exciting platform for our ambitious plans to grow.”.
