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Jules sales and profits have recently increased as an e-tail boom

Jules On Tuesday, he reported on the results of the year to May 30 and talked about “the strong performance supported by continued digital growth, the strength of the Joules brand, and the diversification of revenue streams.”

Jules

Revenues up 4.3% to £ 199m, with significant e-commerce sales and Garden Trading’s contribution to “the impact of forced store closures, country show cancellations across the UK, and pandemics in the group It was more than offsetting the impact. Wholesale customers. “

E-commerce sales were up 48% to £ 122m, and excluding the acquisition of Garden Trading, e-commerce sales were up 43%. This growth was driven by sales through its website, with e-commerce accounting for 77% of retail sales during the period, up from 56% in the previous year.

But what about a year of store and country show appearances that have been closed and canceled for months? Overall store and show sales fell from £ 63.2m in the previous year to £ 36.6m. The store was closed for 6 months, compared to 2 months in the previous year.

Wholesale sales, including Garden Trading, were £ 35.3m, down 17% year-on-year. This “reflects Covid-19’s continued impact on many of the UK and overseas group wholesale partners.”

Other revenues more than doubled to £ 5.1m due to the strong growth of the Friends of Joules Digital Marketplace and the strong performance of several licensed product categories and partnerships.

Profit before tax before deducting exceptional costs was £ 6.1 million after a loss of £ 3.9 million in the previous year. The statutory profit before tax was £ 2 million from a loss of £ 24.8 million and the profit after tax was £ 0.9 million from a loss of £ 20.3 million.

CEO Nick Jones said: Against this backdrop, the Group has become even more diversified as a major lifestyle platform with the expansion of digital proposals, the expansion of its active customer base, the successful acquisition of Garden Trading and the continued expansion of Friends of Joules. We have made strong strategic progress. ”

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Jules sales and profits have recently increased as an e-tail boom

Source link Jules sales and profits have recently increased as an e-tail boom

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