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Gloucestershire Business News

Pets at Home sales top £1bn for first time

Pets at Home has seen a huge increase in profits and sales, as a result of an "extraordinary year".

The pet retailer, which has stores in Cheltenham, Gloucester and Cirencester, recorded a 35.5 per cent rise in statutory pre-tax profit to £116.4 million in the 52 weeks to 25th March, as reported by Retail Gazette.

In Pets at Home's core retail business, sales grew by 8.7 per cent, smashing £1 billion in sales for the first time.

Like-for-like retail sales were up 8.8 per cent year on year and rose 17.3 per cent on 2019 levels. Like-for-likes for the company's veterinary business increased by in 7.9 per cent year-on-year and 13.2 per cent on 2019.

Pets at Home said sales were boosted by an eight per cent increase in pet ownership over the year.

The retailer said it expects underlying pre-tax profit of between £120 million and £130 million for 2021/22.

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