Revenues rise to £237m at pet care business

Revenues at Cheshire based Pets at Home increased by 6.3% to £237.2m over the last three months.

Retail revenue was up 5.5% to £213.4m and vet group revenue was up 13.6% to £23.8m.

As a result the full year results remain in line with expectations.

The firm said the UK pet care market remains resilient and there is continued growth in revenue from pet care services.

Peter Pritchard, group chief executive, said: “Momentum in retail accelerated over the festive period, culminating in the biggest trading day of our entire history on the Saturday before Christmas.

“Our omnichannel business delivered exceptional performance, benefitting from investments made earlier in the year, including a new mobile website.

“This resulted in 4.7% like-for-like growth in Retail, an impressive 11% growth on a two year basis.

“In such a challenging climate, this performance was only made possible through the hard work of our colleagues across the business.

“We saw good customer revenue growth across our entire Vet Group. In November, we reiterated the big opportunity to accelerate the maturity of our vet practices, but this needs to be achieved in a more sustainable way.

“As such, I am particularly pleased with how the recalibration of the Vet Group is taking shape; the engagement from JVPs has been positive and we have made good progress in our discussions with buyback practices.

“We also celebrated another milestone as we reached £10m raised for national and local animal charities through our VIP loyalty club since its launch in 2012, another fantastic achievement.

“We are working closely across the group to maximise our assets and data as a pet care business, delivering initiatives that are resulting in an even better experience for customers. With the Executive Team appointments now complete,

“I know that we enter 2019 with growing momentum and we are well placed to deliver on our plans and commitments.”