Pets at Home Group PLC (LSE:PETS) is seeing a noticeable increase in average spend and visits for its veterinary services, which is helping to offset a decline in retail spend.
Vet Group revenues surged more than 17% in the first half of its 2025 financial year, leading to a 1% growth in group-wide revenues to £441.1 million despite a 0.8% dip in retail sales.
Chief executive Lyssa McGowan called it a “resilient” first quarter, “with our growth improving through the quarter as our offer continued to resonate well with UK pet owners”.
“The benefits of our investments in logistics, stores and digital are coming through, and our unique joint venture vets continued to deliver differentiated performance, growing visits and attracting new customers, driven by our passionate, independent practice owners,” added McGowan.
Pets at Home did not provide a profit-before-tax (PBT) figure in today’s trading update, but said it has maintained a forward PBT guidance of £144 million for the full year.
Year to date, Pets at Home has opened two new pet care centres and completed five refits including two vet extensions.
Shares dipped 0.3% to 306p on Thursday.