Pets at Home revenues jump in Q3 results

Pets at Home has reported a 7.9% increase in group total revenues to £255.9m in its third-quarter results.

The pet retailer said this was driven by “record-breaking” retail performance during the period, including its “biggest ever” online and offline trading days. It also launched a further nine new format pet care centres during the quarter.

For the 12 week period to 2 January 2020, like-for-like revenue increased by 7.2% and Vet Group revenue was up 14.4%. First Opinion customer sales across all vet practices also grew 8.6%.

The retailer said it is “on track” with its plans for FY20, and financial guidance remains unchanged.

Peter Pritchard, group chief executive officer, said: “Our sales performance in the quarter proves once again that by offering convenient and affordable pet care to customers, we can further strengthen our market leading position.

“Against a backdrop of unprecedented consumer volatility, our continued momentum leaves us very much on track with our plans for the year.”