Fat Face EBITDA surged 26% to £39.3m in its full year to May 31 as it said it was “business as usual” following its abandoned IPO.
Like-for-likes rose 7.6% while total sales increased 12% to £200m over the year.
Fat Face chief executive Anthony Thompson said: “It’s been another record year for Fat Face, with strong growth in sales and EBITDA. We have made further progress in increasing our coverage across the UK through larger stores that carry more of the FatFace range and offer greater choice, as well as improving our online offering.”
“Since our decision not to proceed with an Initial Public Offering, it remains business as usual for us and we look forward to continuing what we do best – selling quality clothing and accessories which are loved by our customers. We remain confident in the future prospects for FatFace as we pursue a range of opportunities for further growth, both in the UK and internationally.”
Online sales continued to grow, jumping 39% over the year, and now represent 15% of overall revenue.
Fat Face opened nine new stores over the year - increasing its square footage by 6.8% - taking its estate to 209 stores.
It repaid £29.6m of debt with its net debt now standing at £101.5m.
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