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Pets at Home enjoys rise in sales and profits

Pets at Home saw its total sales increase by 9.9% to £598.3 million in the year to 28 March while EBITDA rose by 9.8% to £100.8 million.

GENERAL MERCHANDISE

Pets at Home enjoys rise in sales and profits

Like-for-like sales edged up 2.2% in the year as the retailer grew its stores from 313 to 345 and expanded its veterinary practices through the acquisition of the Vets4 Pets chain.

Chief executive Nick Wood said: "I am delighted to report on another successful year with growth in both sales and market share.

"Market conditions remain challenging with disposable incomes under pressure for many of our customers.

“Against this backdrop we remain committed to delivering fantastic value and exceptional service to our customers through new stores and trading formats, new product innovation, through the services we provide and the engagement of truly committed colleagues throughout the business.”

Employing 6,000 people, the retailer opened its 350th store last week and earlier this year was named as the best big company to work for by the Sunday Times.

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