20th Jan 2016 08:08
LONDON (Alliance News) - Pets At Home Group PLC on Wednesday reported growth in sales in the third quarter of its financial year and said it is on track to meet full-year expectations, as it achieved strong revenue growth in its vet and grooming services.
The specialist retailer of pet food, accessories and pet-related products and services, said total revenue in the 12 weeks ending December 31 grew 7.1% to GBP195.1 million, as merchandise revenue rose 5.4% and services revenue increased by more than a quarter at 27%.
On a like-for-like basis, total sales were up 2.2% as merchandise sales grew 1.7% and services sales rose 8.5%.
Pets at Home said sales were boosted by its Advanced Nutrition product range and recovering sales in Health & Hygiene, as well as its vet and grooming services.
The company added that its outlook for the full year remains in line with current expectations.
"We look forward to further growth and expansion in 2016," Chief Executive Nick Wood said in a statement.
Pets at Home shares were up 0.8% to 235.00 pence early Wednesday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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