Pets at Home Group PLC (LSE:PETS)
£ 3.108 -0.002 (-0.07%) Market Cap: 1.41 Bil Enterprise Value: 1.78 Bil PE Ratio: 18.34 PB Ratio: 1.42 GF Score: 89/100

Q1 2023 Pets at Home Group PLC Trading Statement Call Transcript

Aug 05, 2022 / 08:00AM GMT
Release Date Price: £3.37 (-0.30%)
Operator

Good day, and welcome to the Pets at Home Q1 2023 Trading Update Call. At this time, I would like to turn the conference over to Lyssa McGowan. Please go ahead.

Lyssa R. McGowan
Pets at Home Group Plc - Group CEO & Director

Good morning, everyone, and thank you very much for joining the call. I'm Lyssa McGowan, the Group CEO. And with me today is Michael Iddon, our Group CFO.

We are pleased to share with you a strong set of results today in our Q1 trading update for the 16 weeks to 21st of July 2022. The performance right across our business through the first quarter has been strong, and that's a testament to both the defensiveness of the U.K. pet care category and the strength of our unique omnichannel model.

Our like-for-like growth revenue increased by 6%, up 38% on a 2-year basis, with all of our channels remaining in growth. Our retail like-for-like were at 5.6% or over 36% on a 2-year basis and with over 4% like-for-like growth across our store estate and our omnichannel like-for-like growth of 13%.

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