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Pets at Home makes strong start to year

Pets at Home grew its like-for-like sales by 8% in its first quarter as it continued to extend the range of services it offers customers. In… View Article

GENERAL MERCHANDISE

Pets at Home makes strong start to year

Pets at Home grew its like-for-like sales by 8% in its first quarter as it continued to extend the range of services it offers customers.

In the 16 weeks to 18 July, group revenue was up 9.9% to £303.4 million as retail revenue climbed by 8.7% to £266.4 million.

Retail like-like for-like sales rose by 8.2% in the quarter. Pets at Home’s vet practices also performed well, with like-for-like revenue increasing by 6.2%.

The company said its investment in “convenient, competitive and innovative shopping” had paid off and had helped to attract new customers.

Due to the strong performance, the company is now anticipating that full year underlying profit will be slightly ahead of expectations.

During the period, Pets at Home acquired a stake in Tailster.com, the online marketplace for pet walking.

Pets at Home group chief executive Peter Pritchard (pictured) said: “We have seen a strong sales performance across the business, particularly in retail where like-for-like sales were 8.2% – an impressive 14% on a two-year basis. We are also making good progress in our Vet Group.

“At this early stage in the year, and with ongoing uncertainty across the wider retail sector, we remain cautiously optimistic and focused on delivering our pet care strategy.”

Hear Peter Pritchard give the keynote speech at the 2020 Omnichannel Futures Conference on 5 February.

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Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY