Pets at Home Group PLC (FRA:6P8)
€ 3.532 -0.014 (-0.39%) Market Cap: 1.66 Bil Enterprise Value: 2.10 Bil PE Ratio: 18.34 PB Ratio: 1.42 GF Score: 89/100

Half Year 2023 Pets at Home Group PLC Earnings Call Transcript

Nov 23, 2022 / 09:30AM GMT
Release Date Price: €3.34 (-4.02%)
Operator

Good morning, everyone, and thank you for joining us for our interim results. I'm Lyssa McGowan, CEO; and I'm here with Mike Iddon, our CFO.

I'm delighted to report that we've enjoyed a strong first half, and I hope you've had the chance to listen to our recorded presentation, which includes my impressions of my first 6 months as CEO and our vision to build a customer-centric, omnichannel pet care ecosystem. Before we begin taking your questions, I just wanted to share a few highlights with you. Our performance over the first half of the year has been strong, and we continue to grow our customer base, to grow our business, and to grow our like-for-likes across all channels. In a difficult environment, we have reported 7% growth in sales with our Q1 performance improving on an already strong Q1. We have welcomed many more pets and pet owners into our ecosystem, and we're seeing record numbers in recent months, averaging 29,000 sign-ups a week to our Puppy and Kitten Club, that's 3x the pre-pandemic average.

Our vets have continued to deliver sales momentum with 7% growth in vet practice

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