Updates

Pets at home- Services side lifts sales 29%

August 2016

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Final results were a case of “steady as she goes” for Pets At Home, the UK’s largest “one stop shop” pet retailer with pretax profit rising almost 10% to £97.3m while turnover rose almost 7% to £793m, bang in line with expectations. Eps was up 11.2% to 15.4p.The largest side, pet food, increased revenues 6% to £390m reflecting strong performance in dog food and treats. Growth came through 27 net new stores taking the total to 427 and this year it plans to open 15-20 with a medium term target for 500 stores. Within this division, the fast growing niche, nutritional foods, continued to shine with sales rising 12% to £163m driven by the so-called “humanisation” o ...

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