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 reports strong first half performance

Pets at Home has reported strong growth in sales and profits in the first half of its financial year.

GENERAL MERCHANDISE

Pets at Home reports strong first half performance

The company’s pre-tax profit surged by 52.2% to £40.5 million in the 28 weeks to 9 October while revenues climbed by 10.2% to £381.5 million.

Like-for-like sales grew by 4.2% driven by strength in the advanced nutrition and health & hygiene categories. There was also growth in the retailer’s VIP Club customer loyalty programme and in its veterinary practices and Groom Rooms.

During the period, Pets at Home opened 10 new stores, 26 veterinary practices and 23 Groom Rooms. 

In addition, the VIP Club increased its membership to 2.6 million from 2 million at the end of the previous financial year.

Pets at Home chief executive Nick Wood said: "We are pleased with our first half financial performance. We continue to deliver on our strategy to be the leading destination brand for pet lovers, with particularly strong performance from new growth areas including vets and groom rooms. Our passion for pets guides everything we do and it's a passion we share with our customers, with more than half a million joining our VIP Club during this period."

Looking ahead, Pets at Home said it remained “confident” in the prospects for the full year and said it expects to have opened a total of 25 stores, 60 veterinary practices and 50 Groom Room salons in the period.

Wood added: “We will continue to focus on our successful strategy, and by doing so, we are confident that we can deliver sustainable long-term growth."

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