Jollyes has reported annual revenue up 15% to £86 million in its full-year results.
The figures, covering the year to May 29, 2022, reveal a 70% increase in sales of the retailer’s private label Lifestage food. The company added seven stores to its portfolio during the year, organically and through the acquisition of The Pet Store in Yorkshire and Bannerbrook Pets in Coventry. Headcount has increased by 164 during the period, in stores and at its Waltham Abbey support centre.
Jollyes expects to grow revenue so it becomes a £100m-plus turnover business by the end of its 2023 financial year as well as recruiting an additional 100 roles across the UK – 80 in new stores and 20 in back office functions – and stepping up its private label development with new Lifestage artisan ranges alongside other launches.
The retailer plans to open an additional eight new stores during the year, including three in Scotland.
At the same time as publishing its results, Jollyes announced the acquisition of Midlands-based chain Penparc Pet Centre Group. Penparc operates five stores in Cannock, Stafford, Stoke-on-Trent, West Bromwich and Telford.
The move, following the opening of a new store in Southport on Saturday (July 2), takes the number of Jollyes stores to 80. With seven other openings planned across the UK over the coming weeks, the retailer is on course to open 20 new stores by May 2023.
Jollyes’ executive chairman Richard Cotter said: “While we’re delighted with the numbers, our performance is about people and a passion for pets. Our performance is simply a consequence of us transforming our business to empower our people to provide products that meet the needs of Britain’s pet owners.
“We’re proud that this transformation is now leading to 100 additional opportunities to join the Jollyes team in the year ahead as we double-down on our ambitious growth plans.”
During the year, Jollyes has invested in its click and collect service, in extending online ranges and in staff training to increase the number of colleagues qualified to dispense veterinary medicines, as well as signing a new distribution contract with Wincanton.