Pets at Home Group PLC (LSE:PETS)
£ 3.108 0.1 (3.32%) Market Cap: 1.45 Bil Enterprise Value: 1.82 Bil PE Ratio: 18.34 PB Ratio: 1.42 GF Score: 89/100

Q1 2020 Pets at Home Group PLC Trading Statement Call Transcript

Aug 02, 2019 / 07:30AM GMT
Release Date Price: £2.16 (+0.28%)
Peter Pritchard
Pets at Home Group Plc - Group CEO, Director & CEO of Vet Group

Good morning, everybody, and thank you for joining us to discuss the Pets at Home quarter 1 trading update for financial year '20. I'm delighted to say the rain has finally stopped in Manchester and we have a golden globe in the sky which is very rare to the north. I'm Pete Pritchard, the Group CEO; and with me is Mike Iddon, our group CFO.

Our first quarter runs from the 29th of March to the 18th of July 2019. And I'm pleased to say the strong momentum which we exited FY '19 has continued into this quarter. We've made really -- we've made a really strong start to the new financial year and our pet care strategy continues to deliver results.

So let me take you through some of the highlights of our performance in quarter 1.

Total group revenue increased 9.9% to GBP 303.4 million, with a like-for-like growth of 8%. Within that, we saw retail revenues increase 8.7% to GBP 266.4 million, with a like-for-like growth of 8.2%, at around 14% on a 2-year basis. In particular, our omnichannel business

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