Advertisement
Retailers

Pets at Home revenues jump in Q3 results

Register to get 1 more free article

Reveal the article below by registering for our email newsletter.

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Pets at Home has reported a 7.9% increase in group total revenue to £255.9m in its third-quarter results.

The pet retailer said this was driven by “record-breaking” retail performance during the period, including its “biggest ever” online and offline trading days. It also launched a further nine new format pet care centres during the quarter.

Like-for-like revenue increased by 7.2% and Vet Group revenue was up 14.4%. First Opinion customer sales across all vet practices also grew 8.6%.

The retailer said it is “on track” with its plans for FY20, and financial guidance remains unchanged.

Peter Pritchard, group chief executive officer, said: “Our sales performance in the quarter proves once again that by offering convenient and affordable pet care to customers, we can further strengthen our market leading position.

“Against a backdrop of unprecedented consumer volatility, our continued momentum leaves us very much on track with our plans for the year.”

Back to top button
Secret Link