Jollyes FY sales hit £115m
It is now trading from 90 stores across the UK having opened 13 new locations in the financial year
Jollyes has posted sales of £115m for the year ended 29 May 2023, up 33% from £85m for the previous period.
This is the first time that the company has seen sales pass the £100m barrier.
Furthermore, its like-for-like sales grew by 17% over the full year, over double the market which grew at 8%.
The company stated that 60% of the like-for-like increase came from transaction growth not inflation.
As a result of this the company has been able to secure a £3m debt facility from HSBC which will allow it to open at least 10 more stores in 2023.
It is now trading from 90 stores across the UK having opened 13 new locations in the financial year.
Joe Wykes, CEO, said: “The value we provide, the local service we offer and the ranges we’ve developed are proving to be a powerful combination in the growing number of communities we serve. Fundamental to our continued outperformance of the market has been the deep pet expertise of our own people.
“I’d like to thank the whole team – colleagues old and new – for their efforts over the last 12 months. But like them, I’m excited about what more we can achieve in the years ahead. Today, fewer than one in five potential customers lives within five miles of one of our stores.”
He added: “With the right team, the right backing and the right ambition, we have a tremendous opportunity ahead of us to bring the value and service that’s already making an impact, to significantly more UK communities.”
