Plus   Neg

Pets At Home Q3 Revenue, LFL Revenue Up; FY Profit View In Line With Market

Pet care business Pets at Home Group Plc (PETS.L) reported Wednesday that its third-quarter group total revenue increased 7.9 percent from last year to 255.9 million pounds. Group like-for-like revenue growth was 7.2 percent.

In its trading update for the 12 week period to January 2, the company reported that retail revenue increased 7.2 percent, with omnichannel revenue up 23.4 percent. Retail like-for-like revenue growth was 7 percent.

Vet Group revenue went up 14.4 percent and like-for-like revenue growth was 8.9 percent.

Looking ahead, the company said it is on track with its plans for fiscal 2020. The company continues to expect Group underlying profit before tax, before the impact of IFRS164, in line with current market consensus of 93 million pounds, with a range between 87 million pounds and 101 million pounds.

Peter Pritchard, Group Chief Executive Officer, said, "Our sales performance in the quarter proves once again that by offering convenient and affordable pet care to customers, we can further strengthen our market leading position. Against a backdrop of unprecedented consumer volatility, our continued momentum leaves us very much on track with our plans for the year."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Arts and crafts chain Hobby Lobby has been ordered to shut its stores after the retailer reopened them by defying stay-at-home orders in various states amid the coronavirus pandemic. Ohio Attorney General Dave Yost said on Twitter that he sent a cease-and-desist letter following which the retailer agreed to close its stores on Wednesday night. Boston Scientific Corp. said Thursday that to lessen the impact of the coronavirus pandemic on its business, it will significantly reduce the salaries of its chief executive officer, directors and executive committee members. The company also intends to temporarily reduce work week schedules for employees, where appropriate. The medical device maker said these measures are to reduce costs. Marriott International announced a security data breach at its property system that hit up to approximately 5.2 million guests. The breached information is believed to exclude Marriott Bonvoy account passwords or PINs, payment card information, passport information, national IDs, or driver's license numbers. The latest incident, however, is less severe compared to the hotel chain's 2018 data breac
Follow RTT