Pets at Home first-quarter revenue up 7% to £404m

Wilmslow-based pet and vet retailer Pets at Home Group said on Friday its revenue rose 7.1% to £404.7 million in its first quarter that ended on July 21, 2022.

Pets at Home said it continues to expect full-year group underlying pre-tax profit to be in line with analyst consensus, which is currently about £131 million.

Pets at Home CEO Lyssa McGowan 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.

“I would like to thank them for their warm welcome, their continued efforts in helping our record number of customers care for their pets in these challenging times, and their ongoing commitment to building the best pet care business in the world.”

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