Jollyes posted an 8.7% revenue rise to £169m and a 4.3% like-for-like gain, then outlined a five-year plan to double its store estate. The expansion will test consumer demand and sales density.
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Jollyes posted an 8.7% rise in annual revenue to £169m and said it plans to double its store estate over the next five years. The pet retailer reported like-for-like sales rose 4.3% in the year to 31 May. Transactions climbed 7%. Jollyes did not disclose current store numbers or profit figures.
The expansion plan covers a five-year window. Jollyes expects to open a first batch of new stores in the coming fiscal year. The company competes in the UK pet retail market alongside Pets at Home and grocery chains. Jollyes has positioned itself as a value-oriented chain with a focus on own-brand products.
UK pet retail benefited from a wave of new pet owners during and after the pandemic. Spending on food, accessories and healthcare has remained steady. Jollyes reported a 4.3% rise in like-for-like sales. Doubling the store count would require new locations to match that productivity without cannibalizing sales from nearby outlets.
Jollyes is privately held and does not disclose detailed financials beyond the annual summary it releases. The company did not specify how it plans to fund the expansion. Store openings typically require capital for leases, fit-out, inventory, and staffing. Jollyes will need to secure financing, generate sufficient cash flow, or find a way to deleverage.
For suppliers and landlords, the expansion plan signals confidence in UK pet demand. Jollyes sees room for a larger footprint in a market where most pet owners already shop at multiple retailers. The company's value proposition could appeal to price-sensitive customers if consumer spending tightens. Existing like-for-like growth of 4.3% provides a base. That pace would need to hold or accelerate to support a doubling of square footage without diluting per-store revenue.
The first new stores are scheduled for the coming fiscal year. Full rollout will stretch across the five-year target. The outcome will depend on consumer spending trends and how competitors respond.
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