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Pets at Home retail like-for likes up 4.7%

Pets at Home has reported a 4.7% uplift in retail like-for-like revenue in the 12-week period to 3 January. It also increased its veterinary group like-for-like… View Article

GENERAL MERCHANDISE

Pets at Home retail like-for likes up 4.7%

Pets at Home has reported a 4.7% uplift in retail like-for-like revenue in the 12-week period to 3 January.

It also increased its veterinary group like-for-like revenue with a rise of 9.1%.

Across the group, revenue climbed by 6.3% to £237.2 million as like-for-like sales rose by 5.1%.

Peter Pritchard, Pets at Home group chief executive, said: “Momentum in retail accelerated over the festive period, culminating in the biggest trading day of our entire history on the Saturday before Christmas. Our omnichannel business delivered exceptional performance, benefiting from investments made earlier in the year, including a new mobile website.”

Pets at Home said it expects its full year results to be in line with guidance, with group underlying pre-tax profit coming in at between £80 million and £85 million.

Pritchard said: “We are working closely across the group to maximise our assets and data as a pet care business, delivering initiatives that are resulting in an even better experience for customers. With the executive team appointments now complete, I know that we enter 2019 with growing momentum and we are well placed to deliver on our plans and commitments.”
 

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