After benefitting from increased pet ownership sparked by the pandemic, Pets at Home has posted another set of robust figures after continuing to attract new shoppers and retaining many of the 1.1 million customers it acquired last year.
Total group revenues climbed 7.1% to £404.7m during its first quarter to 21 July, with like-for-like sales increasing 6%.
Retail revenue climbed 6.6% and 5.6% on a like-for-like basis. The retailer stated that it experienced growth in all channels with store and omnichannel like-for-likes up 4.3% and 13.5%, respectively.
The company’s vet unit saw revenue increase by 11.2%, with a like-for-like rise of 8.6%.
Lyssa McGowan, Group Chief Executive of Pets at Home, said: “Our performance has remained strong in the first quarter, underpinned by continued customer growth and high levels of retention. We operate a unique omnichannel model, in a market in structural growth, where the passion and expertise of our colleagues and partners is a key competitive advantage.”
Pets at Home made no change to its sales and margin outlook and is continuing to expect full-year group underlying pre-tax profit to be in line with analyst consensus, which is currently £131m, with a range of £127m to £136m.
