Cooling Vests for Hot Dogs Help Lead Pets at Home Shares Higher
Photographer: Jason Alden/Bloomberg
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Pets at Home Group Plc shares rose as much as 18 percent after first-quarter results showed the retailer made the most of the U.K. heatwave.
Sales were boosted by products designed to prevent pets from overheating such as water bottles, a dog-sized paddling pool, cooling ice vests and chew toys that can be put in the freezer. That, plus brisk growth at its veterinarian unit, helped fuel first-quarter sales growth of 8 percent.