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Trading statements

Pets at Home's Q1 revenue up 8.9%

04 August 2016 07:32

Pets at Home said its Q1 total group revenue rose 8.9% to £244.2m, from £224.2m. Merchandise revenue was up 4.9% to £210.5m, and services and other revenue was up 43.4% at £33.7m.

"Our full year outlook remains in-line with market expectations," said CEO Ian Kellett in a statement.

"We are pleased with our positive start to the year, delivered through consistent performance in our core strengths of Advanced Nutrition, vet and grooming services, with a continued underpin from the growth in sales to our VIP members.

"Whilst the consumer outlook is uncertain, we remain confident in our long term strategy and are reassured by the historical resilience of the pet market in times of economic downturn."

Story provided by StockMarketWire.com

Related Company: PETS

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