Pets at Home has posted a 10.2 per cent increase in its sales for the 52 weeks to March 26th to exceed £1bn. Its underlying pre-tax profit rose to £99.5 million for the period. It had opened 16 new stores during the year.
“In normal circumstances, it would have given me great pleasure to reflect on another year in which we have grown sales and profits and successfully executed our proven pet care strategy,” said CEO Peter Pritchard. “These are, however, far from normal circumstances with the rapid, wide-ranging and devastating effects of Covid-19 having an unprecedented impact on all of our lives.”
The business has not participated in the government’s job retention scheme and is covering the costs for colleagues who are shielding from its own funds.
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