Pets Corner bucks trend to post full year growth

Pets Corner

The UK’s second largest pet retailer Pets Corner has reported rising sales for its last financial year, pulling ahead of rivals.

In the year ending September 2017, the 50-year-old company, which trades from 149 stores across the UK, said like-for-like sales jumped 5.7 per cent.

EBITDA came in at £6.2 million, although it’s not clear whether this was an improvement on the prior year.

Sales continued to grow throughout the new financial year, with EBITDA in its first quarter rising 28 per cent to £3.25 million.

This was boosted by an 8.7 per cent surge in sales throughout December.

In light of the promising growth seen in the first quarter, Pets Corner expects to see EBITDA to be up 31 per cent on this year.

“In the last three years our like-for-like sales have performed three times better than our close rivals,” chief executive Dean Richmond said.

“We are not embarrassed to say that we don’t rely on cutting the price and quality of products to drive sales. Instead, we look to offer our customers better value by giving them a product that will work better and last longer.

“This is backed up by the expert knowledge of our staff, who are all classroom trained in our academies across the country.

“It is fair to say that in a world where online shopping is increasingly important, there is still a place for businesses on the high street and via retail outlets where service still matters.”

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