SHARES in Pets at Home shot up over six per cent yesterday after the retailer hiked its profit guidance on the back of a four-legged Christmas.

The retailer, which also offers vet services, saw revenues soar to £347.5m in the 12 weeks to January, up 8.8 per cent on the same period last year.

Despite the cost of living crisis, Brits did not seem to skimp on treating their pets this Christmas, with the retailer citing the popularity of its accessories category and Christmas range for the strong quarter.

"Consumers still want to treat their beloved pets in these challenging times," top dog Lyssa McGowan said.

Pets at Home now expects full year pre-tax profit to come in near £136m, up from previous guidance of £131m.

(c) 2023 City A.M., source Newspaper