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Petco net sales 2020 increased 11 per cent

Petco operates more than 1 500 locations across the US, Mexico and Puerto Rico, including a network of more than 100 in-store veterinary hospitals.

Petco has reported that fourth-quarter net sales increased by 16.5 per cent to 1.3 bn dollars, driven by comparable sales growth of 17 per cent.

For the full year, the pet retailer reported an increase in net sales of 11 per cent year over year to 4.9 bn dollars. Its comparable-store sales also increased by 11 per cent, according to a company press release.

The retailer expects net sales in the year ahead to increase by up to 8.7 per cent year over year to 5.35 bn dollars at the higher end, or 5.25 bn dollars at the lower end.

| 8 April 2021 | 11:38


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