Pets at Home Group has reported a 6% increase in its half-year revenue, to £404.5 million.
While the health and hygiene side of the business has been “weaker than expected”, the joint venture veterinary practice side of the company soared by more than 20%, according to its latest trading update.
Pets at Home has 405 stores across the UK. It operates the UK’s largest small animal veterinary business with 353 practices, run principally under a joint venture model using the Vets4Pets and Companion Care brand names, and a specialist referral vet hospital.
It’s also the UK’s leading operator of pet grooming services, with 190 grooming salons. The group also operates three specialist High Street based dog stores, called Barkers, as well as Ride-Away, an equine retail business with a superstore and website.
Chief executive Nick Wood said: “We remain pleased with the growth of Advanced Nutrition, vet and grooming services during the first half of the financial year, supported by growing maturity in the VIP loyalty scheme.
“While trading in parts of the business has been weaker than expected, the core strategic drivers are performing well. To support their growth, we continue to invest in our colleagues and seamless shopping experience.
“As we highlighted previously, profit growth will be weighted to the second half, as the strong health and hygiene comparatives ease. Our full year profit outlook is broadly in line with market expectations.”