Jollyes reports record HY sales
Footfall in the stores hit a record high in the half year as Jollyes served over three million customers
Pet retailer Jollyes has reported record sales of £53m, up 23% YOY, during the first half of the year ending 27 November 2022.
This follows the company reporting annual sales of £87m in the full year to May 2022.
The company attributed the rise down to a mix of higher sales at existing stores, new openings and acquisitions, and rising demand at its digital platform offering home delivery and click and collect services.
It also believes it is set to hit a number of milestones in the near future. In 2023 Jollyes expects to see turnover hit £100m and its workforce pass the 1,000 mark. It also plans to open its 100th store by 2024.
It launched nine stores in 2022, including stores in Edinburgh and Llanelli which are set to open this weekend (9 and 10 December 2022). In July it acquired Penparc, adding five stores in the Midlands, taking the UK total to 84. Six more stores are scheduled to open by May 2023.
Jollyes’ workforce grew to 983 at the half-year, with staff numbers set to pass 1,000 in 2023 through new stores, additional jobs in its head office in Waltham Abbey, Essex, and supporting its online service.
Footfall in the stores hit a record high in the half year as Jollyes served over three million customers.
Richard Cotter, executive chairman of Jollyes, said: “While there are signs that the pandemic pet ownership peak has passed and sector growth is returning to normality, it’s very encouraging to see our sales continue to increase significantly ahead of the market through a mixture of organic growth and expansion through new stores and acquisitions.
“The half year performance shows that our approach of being a national group with a local approach is what customers want. We’re in a strong position to achieve our ambitious growth plans and we have significant opportunities to bring our unique offer to more communities across the UK.”
CEO Joe Wykes added: “A key pillar of our growth this year has been our commitment to be the UK’s best value pet superstore – and because we know that’s going to be vital to our customers in 2023, we’re committed to bringing Jollyes value to more places right across the UK.”
