(Corrects to “vet” revenue from “total” revenue in paragraph 2)
July 31 (Reuters) - Pets At Home posted a 1% fall in first-quarter revenue on Friday as a lockdown-driven jump in demand for supplies faded and pet-owners made fewer trips to the vet due to lockdown restrictions.
The British retailer said vet revenue was down 10.9% for the 16 weeks ended July 16, reflecting the impact of restrictions on permitted procedures during the early stages of the pandemic. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Vinay Dwivedi)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.