Pets at Home profits rise as it eyes ‘strong momentum’ post-pandemic
Pets at Home has racked up an increase in sales and profits in what it dubbed “an extraordinary year” for the business.
The retailer posted a 35.5% spike in statutory pre-tax profit to £116.4m during the 52 weeks to March 25. On an underlying basis, stripping out the £30.2m it made from the sale of its specialist referral centres but including its £29m business rates repayment, profits fell 6.4% to £87.5m.
Group sales climbed 7.9% to £1.14bn during the period, as like-for-likes jumped 8.7%.
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