Pets at Home has said it expects to deliver a full-year profit at the top end of market consensus following a “strong” first half.
The retailer’s pre-tax profits surged more than four-fold on a statutory basis during the 28 weeks to October 10. Including the impact of new IFRS16 accounting measures, pre-tax profit surged to £34m from £8m a year ago.
On an underlying basis, pre-tax profit increased 10.2% to £41.7m.
Pets at Home said group revenue, including its growing services business, advanced 9.4% to £546.3m during the six month-period. On a like-for-like basis, revenues were up 7.6%.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.