BBC- The company said it had a “record Christmas” with strong growth in sales across its 445 UK stores and its 300 vet and grooming outlets. It said sales in the third quarter were up 8.7% on 2020 and 28.1% on 2019. Boss Peter Pritchard said despite the rise in the cost of living, people were unlikely to cut back on pet spending.
“I think history actually tells us one of the very last things customers do is cut back on their pets, they are much more likely to cut back on a holiday or a big discretionary purchase,” he told the BBC’s Today Programme. “Pets are very much part of the family. We expect given the fact there are more pets in the country than ever before we expect revenue to be and continue to be very strong this year.”
In its trading statement, Pets at Home said it was experiencing “a number of inflationary pressures” across its supply chain, and planned to mitigate them by seeking rent reductions at its shops and “operational efficiencies” across its business.
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