Strong Group performance from Ted Baker plc
Interim results for the 28 weeks ended August 14 show that UK and European sales rise
Retail sales are up 17.2% on an 8.2% increase in average retail square footage with UK and European retail sales up 14.4% to £64.2m. US retail sales are up 20.0% to $9.6m.
Group revenue was £88.1 million, up from £76.6 million, a rise of 15%. Profit before tax was £7.5 million, up 24% from £6.0 million.
Commenting on the results, Ray Kelvin, Founder and Chief Executive, said,"This is a strong performance for the first half of 2010. We continue to expand the Ted Baker brand in new and existing territories, whilst maintaining our focus on design, quality, innovation and attention to detail.
The passion and commitment of the Ted Baker team is a key strength of this business and I would like to take this opportunity to thank them all for their ongoing hard work and dedication."
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