Pets at Home Group Plc (PETS.L) issued a trading update covering the 12 week period from 9 October to 31 December 2020. Total Group revenue growth was 18.0% to 302.0 million pounds, with like-for-like revenue growth of 17.6%. Retail revenue growth was 17.5%, with LFL revenue up 17.5%.
Pets at Home maintained its guidance on full-year outlook. The Group projects full-year underlying pre-tax profit, including the previously announced repayment of business rates relief, of at least 77 million pounds.
Total liquidity as at 31 December 2020, comprising cash balances and undrawn portion of banking facilities including the additional £100m RCF raised in May 2020, was 391.7 million pounds.
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