The Fragrance Shop sees sales and profits bounce back
The Fragrance Shop has reported increased annual sales and profits after bouncing back from the pandemic.
Its total turnover rose by 42.5% to £156.83 million year-on-year in the 53 weeks to 2 April 2022. Meanwhile, profits measured by EBITDA before exceptional items rose by 68% to £27.53 million.
The Fragrance Shop continued to invest in its store portfolio, digital platform and customer shopping experience in the period. In addition, it has recently agreed a lease on a new HQ and fulfilment centre in Trafford Park in Manchester which will underpin further expansion.
The company said it expects its trading environment to remain competitive in light of the economic outlook, inflation and ongoing pressures on supply chains, but will still be continuing to roll out stores and expand its digital footprint.
The Fragrance Shop chief executive Sanjay Vadera (pictured) said: “Despite the seismic events of the past few years and current macro-economic trends, we are a business that’s in confident mood, delivering to both the top and bottom line as we spray a little happiness to our customers both in store and online.”