Pets at Home set for “robust” 2021 after double digit growth over Christmas
Pet care retailer Pets at Home has reported double digit revenue growth over the festive period despite COVID-19 disruption.
In a trading update covering the 12 week period from October 9 to December 31, the firm reported total group revenue growth of 18 per cent (up to £302m), with like-for-like revenue growth of 17.6 per cent.
The group also saw a revenue growth of 70.7 per cent in its online, click and collect and subscription businesses.
Peter Pritchard, group chief executive officer, commented: “Against a backdrop of continued uncertainty our pet care model remains robust.
“Our performance during the third quarter [is] testament not only to the advantages of our scalable omnichannel pet care platform and unique joint venture veterinary model, but also the hard work and commitment of all our colleagues across the group.
“I am very pleased with the progress we have made in this quarter, in particular how we have adapted to the changing environment in which we operate.
“We remain as determined as ever to create the best pet care platform in the world, and our strong liquidity gives us the capacity to make the right investments to support our ambition.”
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