Pets at Home full-year profits rise as sales surpass £1bn

Pets at Home

Pets at Home has reported a surge in its full-year profits and sales but warns that coronavirus costs will impact its bottom line in the year ahead.

The pet care retailer posted an 11% uplift in underlying pre-tax profit to £99.5m in the 52 weeks to March 26.

Group revenue in the year rose 10.2% to £1bn – marking the first time the retailer’s sales have surpassed that threshold – driven by a 15.9% jump in like-for-like sales during its fourth quarter.

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