THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Customer Engagement 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Patisserie Holdings reports growth in sales and profit

Patisserie Valerie owner Patisserie Holdings saw its pre-tax profit rise by 15.7% to £9.7 million in its first half. In the six months to 31 March,… View Article

FOOD & DRINK

Patisserie Holdings reports growth in sales and profit

Patisserie Valerie owner Patisserie Holdings saw its pre-tax profit rise by 15.7% to £9.7 million in its first half.

In the six months to 31 March, revenue climbed by 11% to £55.5 million while EBITDA was up 15.6% to £12.2 million.

Revenues from the company’s principal brand, Patisserie Valerie, rose by 15.7% to £40.4 million in the period.

Patisserie Holdings said its seasonal ranges performed particularly well with sales from its winter menu up over 160%.

Luke Johnson, executive chairman of Patisserie Holdings, said: “We have delivered another strong set of results with growth in both revenues and profit and excellent cash conversion despite the challenging market conditions and the current inflationary environment.”

Digital sales increased by 14.3% to £1.6 million and the company’s Cakeclub membership rose by 22,000 to 383,000.

The company said it is now on track to achieve its target of 20 new store openings by the end of the year.

Johnson continued: “With a strong balance sheet and an experienced management team, we remain operationally focused on the organic delivery and continue to assess acquisition opportunities. Accordingly, I am confident of delivering a successful second half of the year and beyond.”

Earlier this month, Sainsbury’s announced that it is trialling the sales of Patisserie Valerie cakes at the patisserie counters in 12 of its stores as part of plans to differentiate its food offering.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
SENIOR-LEVEL FORUM FOR HEADS OF MARKETING, DIGITAL, ECOMMERCE AND CX
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Customer Engagement 2020
Future of Customer Engagement 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The 11th Annual Retail Customer Engagement Conference