Pets At Home Sales Benefit From Surge In Demand

James coker reporter essential retail.

Pets at home sales benefit from surge in demand. This strong performance was helped by a rapid increase in demand for its products both online and in store in the last few weeks of this period when the covid 19 crisis struck the uk. Pets rallied on wednesday after strong sales through the eight weeks to 10 september 2020. Pets today surged 11 5 after the company announced that its full year pretax profits would beat analysts consensus estimates of 73 million. Pets at home said a surge in demand would boost profits for the financial year just ended but warned that uncertainty caused by the coronavirus pandemic meant it could not provide guidance for the.

Pets at home shares lon. This is testament to several factors not least the inherent resilience in our pet care model and the underlying pet care market said pets at home. The retailer said that it expects full year profit to be ahead of the current market expectations. Shares of pets at home group plc lon.

Pets at home has reported a surge in like for like sales in the financial year ended 26 march 2020 with revenue exceeding 1 billion for the first time. The company which sells pet care products revealed that demand for its products had picked up substantially in the summer and had not abated up to now.