Pets at Home Group PLC (LSE:PETS)
£ 3.108 0.1 (3.32%) Market Cap: 1.41 Bil Enterprise Value: 1.78 Bil PE Ratio: 18.34 PB Ratio: 1.42 GF Score: 89/100

Q3 2022 Pets at Home Group PLC Trading Update Call Transcript

Jan 26, 2022 / 09:00AM GMT
Release Date Price: £4.29 (+2.73%)
Peter Pritchard
Pets at Home Group Plc - Group CEO, Director & CEO of Vet Group

Good morning, everyone, and thank you for joining our call. I hope you're all keeping safe and well. I'm Peter Pritchard, the Group CEO, and with me today is Mike Iddon, our Group CFO. I'm pleased to share with you our Q3 trading update for our financial year 2022.

The strong performance across our retail and veterinary operations have continued into our third quarter, and we are firmly on track to report a record year of sales and profit growth. This is reflected in the update that we're giving today, and I am pleased to say that our performance continues to be strong across the group, demonstrating the ongoing success of our pet care strategy and the underlying strength of the pet care market.

There are 2 key -- 4 messages -- there are 4 key messages to take away from today. First, we continue to grow our share of the U.K. pet care market. Our group 2-year like-for-like increased by 28.1% in the quarter, with growth in the 2-year like-for-like quarter reflecting sustained momentum across both chunks

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