Pets at Home continued to enjoy strong growth from the animal ownership boom during the pandemic, revealing that profits are likely to be ahead of expectations.
Bosses said sales hit £319.4 million in the 12 weeks to December 30, a jump of 5.8% on the same period a year ago.
Its retail business enjoyed particularly strong growth during the run-up to Christmas, up 9.8% as customers turned to more premium brands to pamper their pets.
The company’s vet business saw sales up 4%.
But the company warned that inflation pressures hitting the economy are starting to take hold, with supply chain costs increasing.
We, like many others, are witnessing a number of inflationary pressures across the supply chain. While we are not immune to these challenges, we are proactively mitigating them through a series of planned initiatives
Pets at Home
Pets at Home said: “We, like many others, are witnessing a number of inflationary pressures across the supply chain. While we are not immune to these challenges, we are proactively mitigating them through a series of planned initiatives.”
The retailer…
