The group has enjoyed a bumper period of growth throughout the pandemic on the back of a surge in pet ownership in the UK.
Bosses revealed sales growth of 30.2% for the three months to July compared with the same period in 2020, led by growth of 45% in its vet group.But equity analysts at Berenberg said they were expecting this growth to slow down. They predicted sales growth of around 15% for the remainder of the year, while growth in the vet group would slow to 20%.
Use Covers to Keep Your Furniture Fur Free. Do you allow your pets on the furniture? If you do you’re well aware of how hard is to keep them clean. My favorite tip for keeping your furniture clean and fur free is to use a cover. You can use sheets, blankets or slip covers — and if you want something to match your decor you can get them custom made. When it’s cleaning time you just throw those covers in the wash & you’re good to go.
- Fintech firm Mode backtracks after Boots and Ocado deny partnership
- Founder of tech firm where Cameron advised quits after sexual harassment claims
- Ryanair to delist from London Stock Exchange next month over Brexit
The business upped its guidance for the year’s pre-tax profits alongside the announcement of his departure and said it was now predicting profits of £130 million, a 49% jump compared with 2020.fell 3.6% after the news but Sophie Lund-Yates, equity analyst at Hargreaves Lansdown said the market’s reaction was one of “simple disappointment”.
She said: “Mr Pritchard has overseen an impressive turnaround, and guided the pet superstore through astonishing growth during the pandemic. However, this is a natural time to walk away. This isn’t a case of a less savoury ousting or running for the hills.
Growing up. While the Chow Chow dogs are well known for their distinctive blue-black tongues, they’re actually born with pink tongues. They turn blue-black at 8-10 weeks of age.
“The baton being passed on to any successor is in a much better condition than it was, and the wider challenge for the newcomer will be coming up with ways to keep gathering momentum.”Adam Tomlinson, equity analyst at Liberum, said that Pritchard “leaves the group better positioned than ever” and that the demand in the pet market shows no sign of waning.
Alternate Their Toys to Keep Their Interest. Just like us dogs get bored with new stuff after awhile, and this includes their toys. Keep their interest by alternating their access to them. Once your dog hasn’t seen their blue ball in a month they’ll have a brand new appreciation for it the next time it makes an appearance.
He said: “The UK pet market remains robust, and the strong performance witnessed across both parts of the business during the second half of last year has continued throughout the past six months.”