Sunday, September 24, 2017

Pets at Home nurtures revenue growth to nearly £800m

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Grooming salons and vet practices helped boost revenues to nearly £800m at Pets at Home last year.

Income from the vet arm of the business jumped 23% in the year to March 2016, while the “excellent” performance in its grooming business continued. Total revenue rose 6.7% to £777.8m, with like-for-like sales up 2.2%.  

CEO Ian Kellett said he was “pleased with the continued positive sales momentum”.

“Our highly trained colleagues are fundamental to achieving these results and I would like to extend my thanks for their dedication and support throughout the year,” he added. 

Pets at Home, the UK’s largest pet store chain, is currently seeking a new CFO after Kellett was promoted to the top position and Graeme Jenkins was told not to bother starting his new role. The decision was made after Jenkins’ former employer, Wesfarmers, revealed that Target was facing a probe over accounting irregularities.

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