​Joules profits and sales climb in ‘strong’ year

Joules at Grand Central Birmingham

Joules has reported soaring full-year profits and sales in what boss Colin Porter says was driven by “growth across channels and product categories, both in the UK and internationally”.

The fashion specialist posted a 19.4% rise in underlying pre-tax profit to £15.5m in the 52 weeks to May 26.

The retailer recorded a 17.2% boost in group revenue to £218m, driven by a 43.5% jump in international sales, which comprised 16.1% of group sales during the period.

Joules group gross margin fell 90 basis points to 54.8% during the period, which the retailer said was in line with expectations.

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