Pets at Home Group PLC announce an interim dividend of 4.3p per share

DividendMax Ltd.

Pets at Home Group PLC announce an interim dividend of 4.3p per share

The Pets at Home Group Board has recommended an interim dividend of 4.3 pence per share, an increase of 72% on the prior year. The interim dividend will be payable on 7 January 2022 to shareholders on the register at the close of trading on 3 December 2021. 

Other financial highlights include:

Total Group revenue growth of 18.0% to £677.6m, with the continuing increase in active customers

underpinning strong volume growth 

Group like-for-like (LFL) revenue growth of 22.2%, or 28.6% on a 2-year basis

Retail LFL revenue growth of 21.9%, or 28.9% on a 2-year basis, with broad-based growth across categories and LFL growth across stores of 21.1%

Omnichannel revenue growth of 21.5%, or 101.4% on a 2-year basis; Participation of total Retail revenue of 15.1% in H1

Vet Group LFL revenue growth of 26.2%, or 23.8% on a 2-year basis; LFL customer sales growth across all First Opinion practices of 26.9% (28.4% 2-year basis), and LFL Joint Venture fee income up 29.3% (25.2% 2-year basis)

Group underlying PBT growth of 77.2% to £70.2m, with growth of 68.3% on a 2-year basis

Group headline free cash flow of £91.6m, up 51.3% YoY, reflecting strong cash generation across their First Opinion veterinary practices and £21m in working capital timing benefits which are expected to reverse in H2; Net cash (excluding lease liabilities) of £64.7m 

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