Pets at Home sales reach £302m in “challenging environment”

Pets at Home trading update covid-19 pandemic lockdown
Pets at Home said trading momentum was boosted across the Christmas period
// Pets at Home revenue rises 18% to £302 million
// Group like-for-like sales growth came in at 17.6%
// December like-for-like sales rose 19.3%

Pets at Home has recorded a rise in revenue by 18 per cent to £302 million in the 12 weeks to December 31.

The pets goods retailer said it recorded the uptick in sales over the Golden Quarter, as it “adapted to the changing environment”.

Group like-for-like sales growth came in at 17.6 per cent after retail like-for-like sales rose 17.5 per cent despite the impact of Covid-19 restrictions.

READ MORE: Pets at Home in “strong position” for 2021 after Christmas sales surge

Pets at Home said trading momentum was boosted across the Christmas period, with December like-for-likes rising by 19.3 per cent.

Meanwhile, vet group revenue rose by 22.1 per cent, with like-for-like sales increasing by 17.8 per cent in the period.

“Against a backdrop of continued uncertainty our pet care model remains robust, with our performance during the third quarter testament not only to the advantages of our scalable omnichannel pet care platform and unique joint venture veterinary model, but also the hard work and commitment of all our colleagues across the group,” Pets at Home group chief executive Peter Pritchard said.

“Mindful of this challenging environment, I remain confident that the changes we have made to our business enable us to continue providing essential pet care to our customers in a safe and appropriate manner.

“I am very pleased with the progress we have made in this quarter, in particular how we have adapted to the changing environment in which we operate.

“We remain as determined as ever to create the best pet care platform in the world, and our strong liquidity gives us the capacity to make the right investments to support our ambition”.

Pets at Home launched a one-hour click-and-collect service across its 451-strong store estate during the period. It also launched two smaller next generation shops in London’s Camden and Putney.

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