Joules issues profit warning amid supply chain challenges

Joules Shrewsbury outside

Joules has introduced a number of measures within the business to reduce costs and improve margins as it warned over full-year profits.

The retailer revealed group revenue for the nine weeks to 30 January was up 31% compared with the same period in 2021 and up 19% compared with the same period in 2020.

However, Joules added its pre-tax profit performance fell behind board expectations, with January revenues highlighted as weaker than expected.

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