Pets at Home’s half-year revenues have risen past the £400m mark.
The company based at Handforth Dean posted revenues of £404.5m for the 28 weeks ending October 8, up by six per cent year on year.
The firm’s pre-tax profit hit £40.9m, an increase of around 1.2% against last year’s £40.4m figure.
Like-for-like sales rose by 1.8 per cent over the same period.
The company revealed that advanced nutrition sales climbed by 13.7 per cent to £85.8m, food revenues increased by 7.1 per cent to £202.1m, merchandise revenues rose by 4.1 per cent to £362.6m, and accessories revenues edged up by 0.6 per cent to £160.5m offset by continuing challenges to health and hygiene product sales. Meanwhile, services revenues were up by 26.2 per cent to £41.9m.
Nick Wood, chief executive of Pets at Home, said: “Our core strategic drivers remain strong and I am pleased with the progress we have made in the first half of the year, highlighted by a 13.4 per cent rise in earnings per share.
“Pet services have again grown significantly, benefiting from sustained organic growth in both our vet and grooming businesses, together with encouraging results from the acquisition of our first specialist referral hospital. In merchandise we continue to lead the market and grow our share in advanced nutrition foods.
“We have strengthened the business further through the implementation of our new divisional structure, whilst investment in our colleagues and seamless shopping experience continues to build our competitive and strategic strength.”
(Picture : Google Maps)