Consumers spend about £7bn a year on their beloved pets, a big boost for Pets at HomeThe growing trend of Brits spending more on pampering their pets is expected to drive a jump in sales for the country’s biggest animal care group. Pets at Home, which operates 438 stores and veterinary surgeries across the UK, is benefiting from a boom in healthy pet food and luxury accessories. The UK pet market is now worth about £7bn a year, leading Pets at Home to plan an ambitious expansion spree of its superstores, grooming salons and vet practices. The chain will report first-half results on Thursday, when it is expected to reveal a 4.6% rise in sales to £462m. Core earnings are expected to fall 6% to £61m, according to analysts at HSBC.

Source: The Times November 26, 2017 00:00 UTC