Member Article

Wilmslow-based Pets at Home reports a strong year’s results

Wilmslow-based Pets at Home has reported a strong year’s results.

The stats

The group has reported pre-tax profits of £87m and a total revenue growth of 9.6% to £729.1m.

The previous year’s revenue was £665.4m and profit was £52.2m.

The analysis

The pet store group has seen a successful rollout of 25 new stores, 61 vets and 50 Groom Rooms this financial year, which has contributed to the strong results.

The comment

Chief executive officer, Nick Wood, said: “I am delighted to announce another year of progress as we continue to deliver on our targets for growth, with strong cash flows allowing us to deliver a dividend payment at the top end of our commitment.

“We have seen excellent progress in Advanced Nutrition, a product area that benefits significantly from the specialist knowledge of our highly-trained colleagues and where we have a strong market presence through our private brand, Wainwright’s.

“We have also seen excellent growth in pet services as we roll-out new vet practices and groom rooms and the existing estate continues to mature. I am particularly proud of our colleagues whose passion for pets mirrors that of our customers and helps to keep our focus firmly on customer engagement.”

The summary

A strong year for the pet retailer with successful expansion contributing to a 9.6% rise in revenue and pre-tax profits of £87m.

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