THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
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.

FOOD & DRINK

Patisserie Holdings reports growth in sales and profit

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing