THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
People Matter
Property
Retail Business Strategy
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail HR Central
Digital Transformation Strategy 2023
Retail Marketplace Strategy
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
ProCook posts strong third quarter performance

ProCook saw its total revenue increase by 34.6% year-on-year in its third quarter and by 83.4% on a two-year basis, In the 12 weeks to 9… View Article

HOME & DIY

ProCook posts strong third quarter performance

ProCook saw its total revenue increase by 34.6% year-on-year in its third quarter and by 83.4% on a two-year basis,

In the 12 weeks to 9 January, total retail revenue grew by 124.3% as the retailer benefited from the easing of Covid-19 restrictions. In contrast, online total sales were down 7%.

On a like-for-like basis retail and ecommerce sales rose by 91.6% and 9.4% respectively in the period.

Meanwhile, the retailer acquired 251,000 new customers which marked an increase of 70% year-on- year.

Daniel O’Neill, ProCook chief executive and founder, said: “We are pleased with our strong trading performance during our third quarter and peak trading period, despite the recent impact of the Omicron variant. This highlights the strength of our multichannel offer and our direct-to-consumer business model.”

If there is no further disruption to trading caused by the Covid-19 pandemic, ProCook is anticipating that its full year performance will be in line with analyst expectations.

O’Neill added: “The excellent progress we have made in attracting new customers to experience the ProCook brand, combined with our high-quality product range and excellent-rated service proposition provides further encouragement and excitement for the period ahead as we continue to share our passion for cooking and look to roll out further exciting initiatives.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News