Pets at Home reported total revenue of £255.9 million in the 12 week period to 2nd January 2020, showing a total sales growth of 7.9% when compared to the same trading period the year before.
Retail revenue at Pets at Home store locations across the UK increased by 7.2% YOY over the period with onmi-channel revenues including both website and in-store online orders rising 23.4% YOY.
Management guidance remained unchanged saying that they are on-track to meet plans for the full year 2020 despite saying that this was against a backdrop of consumer volatility.
VIP members grew to over 5.3 million during the period with the number of them purchasing products in the period jumping as much as 24% versus the same trading period the year before.
Woozle's issued our long/buy recommendation on Pets at Home on 3rd January 2020, more than two weeks prior to earnings. Click below to take a free trial of our channel check equity research:
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