Fashion etailer Oh Polly has credited its “exceptional” full-year financial performance to strong revenues and profits following its international expansion progress.
Oh Polly recorded profit before tax of £11.2m for the full financial year to April 2023, which it attributed to its “unrivalled appeal and resilience in a challenging market”.
The womenswear retailer also reported sales of £113m for the period and said it remains “on track” for another 35% growth in the coming year.
Oh Polly said in a statement that it achieved “an exceptional growth rate” of more than 45% during the year following its expansion into both the US and Australia.
The retailer also credited its full-year performance to its commitment to “delivering high-quality products that resonate with its global consumer base”.
During the year, Oh Polly partnered with former Love Island star Ekin-Su Cülcüloğlu, which it said was a successful collaboration and “marked a milestone in the brand’s journey” as it firmed its status as a “trendsetter within the fashion industry”.
Oh Polly said in a statement: “Oh Polly Group’s exceptional financial performance, driven by strategic expansion, elevated occasion-wear focus, successful collaborations and effective influencer partnerships, reaffirms its position as a dominant player in the global women’s fashion sector.”
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