- Like-for-likes sales up 2.5%
- Pre-tax profit up 3.9%
- Group revenue up 9.1%
Pets at Home has posted rising like-for-like sales and profits as it services division and online offer drove continued growth.
The pet specialist posted a 3.9% rise in pre-exceptional profit before tax to £47m in the 28 weeks to October 13 as like-for-like sales increased 2.5%.
The retailer recorded a 9.1% jump in group revenue driven by a 47.6% rise in sales at its services division and veterinary care offer.
During the period, Pets at Home opened 8 new superstores, with 49% of its superstore estate now including a vet practice and grooming salon. The retailer also opened 17 new vet practices and 18 grooming salons.
The pets specialist recorded growth in average order volumes and spend across its online offer.
Services prove strong
The retailer launched its first subscription service for its loyalty club members offering flea treatment products on a monthly basis, which has “seen a strong start to customer sign ups.”
Chief executive Ian Kellett said: “We have again demonstrated strong performance in services.
“We have also seen robust trading in merchandise where health and hygiene sales returned to a more normalised level after a poor season last year.
“In a more difficult trading environment, we continue to build Pets at Home for the future and are confident in the long-term outlook for our unique offer in the resilient pet market, in particular, the developing potential of our services business as we see it mature and grow.”