Profit rockets 38 per cent
Pets at Home revealed sales jumped 9.8 per cent to£306.5 million in the 52 weeks to March 29, largely driven by more than 20 new stores and strong trading in existing outlets.
Operating profit rose 17 per cent to£40.6 million and pre-tax profit rocketed 38 per cent to£19.8 million. Like-for-likes climbed 5.4 per cent.
Pets at Home chief executive Matthew Davies said: ‘Last year was another excellent year for Pets at Home. We delivered strong sales and profit growth, opened 21 stores and successfully trialled a new store format and our first aquatics centre, both of which have proved very popular with customers.
‘This year is set to be a very exciting one for the group as we continue to add stores and progressively refurbish our existing sites, bringing the Pets at Home experience to more of the UK. We expect to open our 200th store in May.’ Its first aquatics centre launched at its Crayford store in Kent.
The retailer will also launch a nationwide Pet Adoption Scheme, to help find new homes for pets that can no longer be looked after by their owners. Adopting families will be asked to make a donation to the Pets at Home Charitable Foundation, which provides support to animal charities across the UK.
The company - which was bought out by Bridgepoint for£230 million in July 2004 - operates from 193 stores
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