Member Article

Handforth-based Pets at Home revenue up 10.2%

Cheshire’s Pets at Home, the pet food and related products business, reports a revenue of £381.5 million.

The figures are for the 28 week period from 28th March to 9th October 2014.

The Handforth-headquartered company’s revenue is up 10.2% compared to the same period last year.

The company also report opening 10 new stores during the period although they did close the Knutsford store due to a lease ending.

Pets At Home operates from 385 stores located across the UK.

The Group also operates the UK’s largest small animal veterinary business with 303 practices, using the Companion Care and Vets4Pets brand names.

Pets at Home also offers pet grooming through its 152 Groom Room salons.

The board report that the pet care market outlook remains positive.

They are continuing to expand with an expectation of a further 25 stores, 60 veterinary practices and 50 grooming salons.

The management and the board report that they remain confident in the Group’s prospects for the year and trading as the end of the half year period has been in line with their expectations.

Chief Executive Officer, Nick Wood, said: “We are pleased with our first half financial performance.

“We continue to deliver on our strategy to be the leading destination brand for pet lovers, with particularly strong performance from new growth areas including vets and groom rooms.

“Our passion for pets guides everything we do and it’s a passion we share with our customers, with more than half a million joining our VIP Club during this period.”

“We end the first half in a strong financial position, the business remains very cash generative and we are pleased to announce our first dividend payment.

“Looking ahead, we will continue to focus on our successful strategy, and by doing so, we are confident that we can deliver sustainable long-term growth.”

This was posted in Bdaily's Members' News section by Sophia Taha .