Pets at Home has maintained profit guidance as sales remain resilient

The retailer reported a 1% increase in total group revenue to £441.4m, with group like-for-like sales up by 0.5% in the 16 weeks ending July 18, 2024.

Retail like-for-like sales were down by 0.8% in line with expectations, with “a stronger performance through the second half of Q1 driven by consistent market share gains in key categories”.

Pets at Home made no change to guidance for the full year 2025 and said it remains comfortable with current analyst consensus for group underlying profit before tax of £144m.

Chief executive Lyssa McGowan said: ”We are pleased to have delivered a resilient Q1, with our growth improving through the quarter as our offer continued to resonate well with UK pet owners.

“The benefits of our investments in logistics, stores and digital are coming through, and our unique joint venture vets continued to deliver differentiated performance, growing visits and attracting new customers, driven by our passionate, independent practice owners.

“As ever, it is our people and their unrivalled expertise that continue to drive our business. I would like to thank our colleagues and vet partners for their ongoing passion and dedication to creating a better world for pets and the people that love them.”