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PRIVACY
Retail & Consumer

Pets at Home profits will be 'at least £77m' after bumper Christmas sales

The firm has increased its profit forecast by over £10m as momentum accelerates 'across all channels'

Pets at Home in Merry Hill Retail Park, Dudley

Pets at Home has announced its pre-tax profit for the financial year will be "at least £77m" - over £10m more than previously stated.

The Cheshire-headquartered pet care group said it had posted "high-teens" group sales growth during December.

In its interim results released in November, the Cheshire-headquartered pet care business reported a revenue growth of 5.1% to £574.4m for the 28 weeks to October 8.

On Friday, in a Q3 trading update, the firm said that momentum had continued to accelerate "across all channels".

Despite the firm being classified as an 'essential retailer' during the third English lockdown which began this week, Pets at Home said the restrictions may still have an impact on sales.

The statement added: "While renewed Covid-related restrictions on a national level may constrain trade, we remain an 'essential' retailer and the measures we continue to take across our stores, veterinary practices and online operations are ensuring we remain in a strong position to meet all of our customers' pet care needs."

In half-year results released in November, the group anticipated full year underlying pre-tax profit would be £93.5m including business rates relief.