Pets at Home profits boosted by lockdown sales


Pets at Home profits boosted by lockdown sales

A boom in pet ownership during the pandemic has contributed to growth in sales and profits for Pets at Home.

The Cheshire-based pet supplies retailer saw group revenue increase 5.1 per cent to £574m for the six months ended 8 October. The group made a pre-tax profit of £38.9m, up from £34m for the same period last year.

Pets at Home said it saw “sustained strength in performance” across its retail and veterinary operation. Puppy and Kitten Club membership also grew by 25 per cent over the half year.

However, Pets at Home said the pandemic continues to create “a number of material uncertainties” around the trading environment.

Peter Pritchard, group chief executive, said: “In spite of the ongoing and wide-ranging impact of COVID-19, there is much to be optimistic about. The market in which we operate remains resilient, with recent changes to our work and leisure patterns supporting rising levels of pet ownership, a good proxy for future growth in both the underlying market and our business.

“We are introducing new ways to meet our customers’ needs across all channels, making pet care as affordable, convenient, engaging and flexible as possible, and our customer-centric pet care platform, underpinned by the most extensive and unique proprietary pet dataset in the UK and a true omnichannel backbone, provides us with significant competitive advantages.”

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