The British retailer Pets at Home recorded a sales increase by 8.8% from November 2022 to January 2023. In Q3 FY2023, the group achieved £347.5 million (€395M / $427.9M), an increase of 5.8% compared to the same period in FY2022.
Sales in retailing increased by 8%, plus the company could achieve a record trading day of more than £8 million (€9.1M / $9.8M) on 23 December 2022.
“We delivered a really pleasing Q3 with acceleration in sales momentum across the platform. Importantly, the quality of our growth remains strong as we continue to grow volumes and attract new customers through offering compelling value and service in what remains a challenging inflationary environment,” stated CEO Lyssa McGowan.
Consumer revenues augmented 30% in comparison to the times before the pandemic.
The veterinarian business mainly contribured to the success since the sales rose to 18.1% breaking £10 million (€11.3M / $12.3M) weekly sales line.
According to the company, there have still been new client registrations across Vet Group general practices, so that the number of active clients is now 1.7 million.
Regarding the “strong performance” so far, Pets at Home has chamged its full-year profit guidance to the to of the current range of £126 million (€143.3M / $155.1M) to £136 million (€154.6M / $167.4M).
Advertisement
