Pets at Home raises guidance after ‘strong start’ to the year
Pets at Home posted increased sales during its first quarter and raised its full year guidance but “remains cautiously optimistic” in the current climate.
The pet specialist registered group sales growth of 9.9% to £303.4m during the 16 weeks to July 18.
Its retail arm of the business was up 8.7% to £266.4m for the same period and its online sales jumped 36% to £26m. Its vet practice revenue jumped 18.8% to £37.0m.
The pet specialist now expects its underlying profit for the year to be “slightly above current market expectations”.
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