Pets at Home profits fall due to increased costs of energy and freight

Pets At Home

For the 28 weeks to October 13 Pets at Home reported group underlying profit before tax of £59.2m, down 9.3% due to inflated costs associated with international shipping, the spiralling cost of energy and a year-on-year increase in investment in digital assets.

Total group revenue was up 7.3% to £727.2m for the period, with group like-for-like sales up 6.4% and customer levels hitting record numbers in the first half. 

 

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