THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Joules posts strong full year profit uplift

Joules has reported that its full year underlying pre-tax profit has risen by 19.4% to £15.5 million. In the year to 26 May, group revenue growth… View Article

FASHION

Joules posts strong full year profit uplift

Joules has reported that its full year underlying pre-tax profit has risen by 19.4% to £15.5 million.

In the year to 26 May, group revenue growth was also strong, climbing by 17.2% to £218 million. Statutory pre-tax profit jumped by 14.9% to £12.9 million.

The company said its strategy had worked well. This included working to increase customer value, expanding brand sales in the UK, developing the brand in international markets, and expanding its product range into new areas. During the period,  Joules increased its number of active customers by 8% to 1.5 million.

Colin Porter, Joules chief executive, said: “Joules has delivered another strong performance this year with growth across channels and product categories, both in the UK and internationally. These results in a challenging retail sector reflect the strength and appeal of the Joules brand, the flexibility of our ‘Total Retail’ model, and the success of our carefully managed product extension strategy.”

The company also revealed that trading since the start of the new financial year has been in line with expectations.

Porter added: “We are pleased with the group’s performance to date in the early stages of our new financial year.  Looking ahead, whilst the consumer retail environment is anticipated to remain challenging, particularly in the UK, the board and I believe that Joules remains well-positioned for continued success both in the UK and our target international markets.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News