The leading British pet retail chain Pets at Home has announced market share gains across all segments in the first half of its financial year 2020. The company increased its total sales by 9.4 per cent to 546.3 mio GBP. Compared to the same period in 2019, the retail business grew by 8.1 per cent to 479.8 mio GBP, whereas sales by the veterinary group rose to 66.5 mio GBP. Pre-tax profits increased by 18.9 per cent to 45 mio GBP, compared to the same period in 2019.
"All this provides a strong foundation, meaning we have much to look forward to in FY20 and beyond, and we now expect to return to profit growth a year ahead of our original plan. In the meantime, we will remain focused on serving our customers, their pets and our partners better than ever before," said Peter Pritchard, group chief executive officer of Pets at Home.
The retailer wants to open up to five pet stores, grooming salons and veterinary practices in the second half of the financial year.