Pets At Home full-year profits rise 'faster than anticipated'
Pets At Home has posted an increase in sales and profits in its preliminary results as boss Peter Pritchard described the business as “trading strongly and taking share across the pet market”.
The pet retailer’s underlying pre-tax profit climbed 6.1% to £89.7m in the 52 weeks to March 28.
Revenue increased 6.9% to £961m, driven by a 5.7% rise in like-for-like sales during the period.
However, on a statutory basis profit before tax declined 37.7% to £49.6m, which the retailer attributed to costs of its vet portfolio.
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