Pets at Home Group has released its preliminary results for the 52 weeks to 28 March 2024. Total consumer revenue was up by 6.9 per cent to reach £1.9bn, compared to £1.78bn for the prior year, but underlying profits were down to £132m from £136.4m.
CEO Lyssa McGowan commented: “FY24 has been a pivotal year for the business, having delivered some key building blocks of our platform for long-term growth.
“I am proud of the progress we have made in the year; we relaunched our brand, opened our new DC, built our new digital platform, made progress in our sustainability agenda, and enhanced our physical estate. The business has come together brilliantly to navigate any challenges faced this year, and we have delivered some key milestones of our strategy.
“Our medium-term strategy and financial framework is unchanged and, looking ahead, the fundamental strengths of the business position us well to deliver growth. We hold a leading position in a structurally growing market, with an unrivalled retail store network, and a unique, differentiated and integrated vet business. We know the nation’s pets better than anyone lese, with over ten years of analytical data on 10 million pets, and we now have a best-in-class digital platform, and a modern efficient DC.”
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