The largest pet supplier in the UK has received praise for its “inherent resilience” as its first-quarter sales showed a decrease during the lockdown period.
In total, the retailer has seen a full one per cent drop in total revenue in the quarter that ended 16 July. This was mostly down to a reduction of 0.7 per cent in its like-for-like sales.
This comes even as the retailer was one of the few that was classed as an essential retailer and its doors remained open during the national lockdown period. Despite this, like-for-like sales in the first eight weeks of the quarter dropped 13.5 per cent.
It did recover sales significantly in the latter part of the quarter with a 12 per cent increase in like-for-like sales.
“In spite of the rapid, wide-ranging and devastating effects of the pandemic, we have remained open for our customers throughout the period and we are emerging as a stronger business,” Pets at Home Chief Executive Peter Pritchard said.
“The inherent resilience in our pet care model and the underlying pet care market, as well as encouraging signs of increased pet ownership, all underpin our confidence in seizing the future and progressing specific, strategic priorities.”