Pets at Home profit surges by 36pc
BRITISH pet products retailer Pets at Home reported a 36 per cent increase in annual profit – fuelled by new store openings and an 8.8 per cent rise in sales from existing shops.
The firm, bought in January by private equity firm Kohlberg Kravis Roberts for about £955m made a pre-tax profit of £54.24m in the year to 25 March.
Sales rose 15.7 per cent to £467.7m, helped by 24 new stores, which took the total to 256.