258: Pet grooming salons
Pet pampering is becoming big business for Pets at Home (PETS) as the supermarket for animals upped its number of Groom Rooms by 18 to 258.
Service revenues including veterinary treatment and grooming grew 47.6% in the six months to 31 October, helping group like-for-like sales gain 2.5%. New grooming salons don’t earn much profit early in their early years and weighed on overall group margins.
Adjusted pre-tax profit increased only a little more than sales, at 3.9%, as operating margins declined a little over half a per cent to 11.3%.
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