Pets at Home registers double digit growth and raises forecast

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Pets at Home covid-19 pandemic lockdown trading update
Pets at Home remained open during lockdown after being classed as an essential retailer
// Pets at Home records strong sales growth in its current financial year
// In the eight weeks to September 10, the retailer delivered double digit like-for-like growth
// In July, Pets at Home reported a sales growth across all areas of its business

Pets at Home has maintained a strong sales growth in its current financial year, and has raised its forecast thanks to “inherent resilience” of the pet care market.

In the eight weeks to September 10, the retailer delivered double digit like-for-like growth, with continued momentum across its retail and veterinary divisions.

In July, Pets at Home reported a sales growth across all areas of its business in the final eight weeks of its first quarter, and said that the sales momentum has continued since then.


READ MORE: Pets at Home remains “resilient” despite revenue decline


Pets at Home had previously reported that like-for-like sales edged down 0.7 per cent in the 16 weeks to July 16 after dropping by 13.5 per cent in the first eight weeks of the period and recovering to growth of 12 per cent in the subsequent eight weeks.

The retailer said the sustained sales growth has been driven by the “inherent resilience” of the pet care market, adapting its operations to account for changes in customer behaviour and its ongoing investment in its omnichannel operations.

“Although Covid-19 continues to create a number of material uncertainties around the trading environment, including the risk of a second lockdown, based on trading year to date, and as a consequence of the sustained strength in performance we have seen, we now expect full-year underlying pre-tax profit to be ahead of current market expectations,” Pets at Home said.

Pets at Home remained open during lockdown after being classed as an essential retailer.

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