Pets at Home increases turnover

The UK pet store chain Pets at Home has issued a trading statement for the 12-week period to 4 January. This reveals that customer revenue increased by 6.0 per cent from last year and by 15.4 per cent on a two-year basis. Group sales rose in the third quarter by 4.3 per cent to £362.4 mio (approx. 424.1 mio euros), with like-for-like revenue (LFL) growing by 4.4 per cent.

Retail sales increased by 3.5 per cent in the third quarter, while LFL revenue was up by 3.7 per cent. These increases remained below the company’s expectations, however, according to the trading statement.

Sales by the Vet Group increased by 13.4 per cent and LFL revenue by 13.3 per cent.