Musti Group keeps on growing steadily

Pet food retailer Musti Group continues its steady growth as Q1/2022 revenues grow by 12,1% on an annual basis for 35% compared to pre-pandemic Q1/2020.

The profit margin as well as the Like for Like growth both have started decline a bit. This year profit margin was slightly down from 6,1% to 5,4%. However, the Gross margins improved 46,5%.

Online share has also gradually declined as the stores more busy since the early 2021. Online grew by 8,5% compared to 13,3% growth for the stores. Online represented 23,6% of all sales for the Musti Group.