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Trading statements

Pets at Home's FY profit outlook in line

19 January 2017 07:28

Pets at Home Group said its profit outlook for FY 2017 remains in line with market expectations, with group revenue up 4.4% in the 12 weeks to Jan. 5 and up 0.1% on a like for like basis.

"Vet services yet again performed strongly this quarter, where our strategy of providing a quality service to clients across both primary opinion and specialist referral centres is delivering results, and is a platform for continuing strong growth," said CEO Ian Kellett.

"In Merchandise, whilst overall sales were softer than anticipated, online grew strongly, reflecting the momentum gained from our investments in seamless shopping.

"We saw a good performance in our Christmas range, where customers are responding to innovative products at great value for money, which we will reflect in new range launches later this year."

Kellet also said that the group would focus on delivering best value, starting with a very clear message to customers about the benefits of its high-quality, UK produced private label foods, where we it would be leveraging its competitive advantage.

"With a quarter to go, our profit outlook for the year remains in line with expectations, reflecting both the continued investment in our customer offer and ongoing efficiency initiatives," Kellett said.

"Our focus on becoming more specialist, and doing the right thing for our customers, remains at the forefront of our strategy."

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Related Company: PETS

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