Pets At Home LFL sales rise 5.7% in FY2019

Source: Pets at Home Investor Relations, Thursday, May 23, 2019

Pets At Home has posted an increase in sales and profits in its preliminary results as CEO Peter Pritchard described the business as trading strongly and taking share across the pet market.

The pet retailer’s underlying pre-tax profit climbed by 6.1% to GBP89.7 million in the 52 weeks to 28 March 2019. Revenue increased by 6.9% to GBP961 million, 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 GBP49.6 million, which the retailer attributed to the costs of its vet portfolio.