THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Pets at Home enjoys increase in sales and profits

Pets at Home has reported that its pre-tax profit rose by 11.8% to £45.2 million in the first half of its financial year.

GENERAL MERCHANDISE

Pets at Home enjoys increase in sales and profits

Total revenue increased by 6% to £404.5 million while like-for-like sales rose by 1.8%.

In the six months to 8 October, the retailer saw growth in both its merchandise and services revenue which climbed by 4.1% and 26.2% respectively.

Nick Wood, Pets at Home chief executive, said: "Pet services have again grown significantly, benefitting from sustained organic growth in both our vet and grooming businesses, together with encouraging results from the acquisition of our first specialist referral hospital. In merchandise we continue to lead the market and grow our share in Advanced Nutrition foods.

"We have strengthened the business further through the implementation of our new divisional structure, whilst investment in our colleagues and seamless shopping experience continues to build our competitive and strategic strength."

During the period, the retailer opened six new Pets at Home stores taking the total 405. It also opened 15 new veterinary practices and 10 grooming salons.

Looking ahead the company said: “Management and the Board remain confident in the long term outlook for the pet retail market and the ability of Pets at Home to remain the differentiated leader, with a high growth, margin supportive pet services business.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, 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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing