Pets at Home on track after successful third quarter
Pets at Home has reported a record-breaking performance in its third quarter which included its biggest ever online and offline trading days.
In the 12 weeks to 2 January, group revenue rose by 7.9% to £255.9 million after retail and omnichannel revenue increased by 7.2% and 23.4% respectively. Like-for-like retail revenue jumped by 7%.
There was also an uplift in vet group revenue which rose by 14.4%. On like-for-like basis vet group sales were up 8.9%.
The retailer’s grooming salons put in particularly strong performance in the quarter and groomed a total 6,023 dogs in a single day. Pets at Home also launched a further nine new format pet care centres during the period.
Paets at Home chief executive Peter Pritchard (pictured) said: “Our sales performance in the quarter proves once again that by offering convenient and affordable pet care to customers, we can further strengthen our market leading position. Against a backdrop of unprecedented consumer volatility, our continued momentum leaves us very much on track with our plans for the year.”
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