Joules upgrades profit expectations following ‘strong’ sales

Joules Shrewsbury outside

Joules has upped its full-year profit forecast after hailing a “positive performance” across all its sales channels.

The fashion retailer said that “strong” online sales and stores rebounding “ahead of management’s expectations” since their reopening on April 12 would push profitability ahead of previous forecasts. 

Analysts had previously expected pre-tax profit before exceptional items to come in at £4.1m on sales of £187m. 

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