Pets at Home has kept up its pandemic sales momentum in its first-quarter following last year’s lockdown puppy boom, with revenue up 25.7 per cent.
The pet retailer group’s total revenue lifted to £377m in the weeks to 15 July, with 29.4 per cent growth on the same period the year before Covid-19.
The group has faired well over the course of the pandemic, with pet sales skyrocketing over the course of the UK’s three national lockdowns.
With an increasing number of people with pets, the group’s pet support business has seen its members surge 167 per cent year on year.
“It is pleasing to note that many of the positive trends from our last financial year have accelerated in the current quarter,” group boss Peter Pritchard said.
“Key indicators point to continued growth in pet ownership, providing a supportive backdrop to long-term growth across the underlying market and our business, and we continue to see strong growth in new customers, subscription plans and veterinary clients.”
After the strong first quarter, the group has hoisted its pre-tax profit forecasts to £130m, the top end of analyst expectations.
The group has therefore estimated a further £42.5m in profit, or an increase of 49 per cent, on its 2020 performance.