5th Aug 2022 09:58
(Alliance News) - Pets At Home Group PLC on Friday left its full-year guidance unchanged after reporting a decent start to its financial year.
For the 16 weeks to July 21, the Handforth, England-based pet supplies retailer reported a 7.1% increase in total revenue to GBP404.7 million from GBP377.8 million a year prior, while like-for-like revenue increased 6.0%. The company experienced like-for-like revenue growth across all its channels in the first quarter.
Pets at Home said it continued to expand its customer base. It reported an average of 25,000 new sign-ups per week to its Puppy and Kitten Club, which is triple the average from before the pandemic.
The company grew its active client base to 1.7 million as new client registration to its veterinary practice remained strong. In addition, the company's VIP loyalty card users increased 11% from the year before to a record 7.4 million active users.
Chief Executive Officer Lyssa McGowan said: "Our performance has remained strong in the first quarter, underpinned by continued customer growth and high levels of retention."
The company expects full year pretax profit to be in line with the analyst consensus range of GBP127 million to GBP136 million.
Shares in Pets at Home were down 0.5% at 335.82 pence in London on Friday morning.
By Dominique Pretorius; [email protected]
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