Pets at Home sales up, retains guidance

Wilmslow-based pet and vet retailer Pets at Home Group reported a slight increase in overall sales for the first three months of its financial year and kept its financial guidance for the full 12 months. 

It said its total group sales grew 1% to £441.1 million for the 16 week period to 18 July, as higher revenue from its vet group offset a slight dip in retail sales. 

The company made no change to guidance for the full financial year and said it remained comfortable with current analyst consensus for group underlying profit before tax of £144 million.

Lyssa McGowan, Chief Executive Officer, said: “We are pleased to have delivered a resilient Q1, with our growth improving through the quarter as our offer continued to resonate well with UK pet owners. The benefits of our investments in logistics, stores and digital are coming through, and our unique joint venture vets continued to deliver differentiated performance, growing visits and attracting new customers, driven by our passionate, independent practice owners.”