Dobbies revenue hits £221.8m as footfall and spending both rise
Garden centre group Dobbies has delivered a year of significant improvement in the first full year of its growth strategy.
In the 12 months to 1 March, the group posted a 10% increase in revenue to £221.8 million and an EBITDA profit of £0.5 million, as both footfall and average transaction value grew.
Subscribe to TRBOther income rose by 16% to £9.9 million following the success of Dobbies’ concession partner network.
Dobbies growth strategy has been focused on improving and extending product ranges, refurbishing stores, enhancing restaurant menus and improving the overall customer proposition.
This included investing £4 million in refurbishing seven stores and introducing a new £1.5 million foodhall concept across its estate, which performed ahead of expectations.
During the year, customers donated £235,000 to Alzheimer’s Research UK following the launch of a new community partnership.
David Robinson, chief executive of Dobbies, said: “I am delighted with the progress the business has made this year.
“We have made positive improvements against our key metrics, and we have remained focused on the areas that matter most to our customers – our stores, plants and product ranges, restaurants and overall experience. That focus has delivered improved performance and a return to profitability.
“Our customers are at the heart of everything we do, and we are seeing more people visit our stores more often to shop, dine and take part in events and community activities.”
In the current financial year, Dobbies is continuing to invest in its store estate with redevelopment plans underway at its Galton, Woodbridge and Lisburn sites.
Robinson added: “This illustrates the potential of this great business and I remain excited for the future.”
