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Future of British Business

Pets at Home Boosted by Loyalty to Lockdown Companions

A Pets at Home Ltd. store in London.

A Pets at Home Ltd. store in London.

Photographer: Jason Alden/Bloomberg

Pets at Home Group Plc reported higher sales as people spend money on cats and dogs they bought during Covid-19 lockdowns despite the growing cost-of-living crisis.

The pet-care company reported a 6% rise in like-for-like revenue growth and said it is still winning over customers even as inflation heads toward double-digits, according to a statement Friday. The shares rose as much as 4% in early London trading, but pared gains to trade roughly flat at 9 a.m.