Pets at Home achieves strong third quarter growth
Pets at Home saw its group revenue climb by 9.6% to £223.3 million in its third quarter.
In the 12 weeks to 4 January, group like-for-like sales climbed by 7.2%. This included a 6.8% uplift in Pets at Home’s merchandise category and growth of 10.1% in services.
Ian Kellett, Pets at Home group chief executive, said: "I'm happy to report further progress in the third quarter, where trading momentum in our merchandise division built over the Christmas period.
“In the year since we launched our lower pricing initiatives we have seen a really strong customer response to the investments we have made.
“At the same time, we continued to deliver strong growth in our veterinary business across both first opinion practices and specialist referral centres.”
During the period, Pets at Home opened two new superstores, two Vets4Pets practices and five Groom Room salons. It is now on track to deliver full year opening targets of around 10 superstores, 40 to 50 vet practices and 20 to 30 grooming salons.
The company said its Barkers store trial has reached its conclusion and existing stores will be closed over the coming year.
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