Pets at Home expects profits to be ahead of expectations as strong sales continue into Q2

Pets at Home, the leading UK pet care business has confirmed that its strong sales performance has continued during the first half of its financial year.

Previously, Pets at Home noted that in Q1 FY2021 that the latter weeks ending in 16 July shown that sales were returning across all areas of the business.

And today it confirmed that its retail and veterinary operations are benefiting from that solid base with double-digit like-for-like growth in customer sales and through the eight weeks to 10 September.

“This is testament to several factors, not least the inherent resilience in our pet care model and the underlying pet care market.  We continue to benefit from the adaptability of our operations to changes in customer behaviour and preferences, our continuing investment in omnichannel capacity and customer acquisition channels, and the clear advantages of our unique owner-managed First Opinion veterinary model. “

Pets at Home: Trading Update

This has given the busienss optimism to reveal that it expects full-year pre-tax profit to be ahead of current market expectations.

These expectations are £73m of pre-tax profit.

Its interim results are due to be released on 24 November.

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