Go Outdoors returned to profit in its last financial year as sales at the outdoor retailer jumped 19% to £171m.
Go Outdoors made a £1.5m pre-tax profit in its year to January 27, against a £2.6m loss last year, and EBITDA increased 10.6% to £9.4m.
Online sales soared 41% over the year with an “encouraging performance” from click-and-collect.
The retailer added four stores to its estate last year bringing the total to 44 shops. It said it has more openings in the pipeline and already debuted three stores in its current financial year.
Go Outdoors chief executive Chris Matthews, who joined the retailer in May from Dixons greek business, said: “2012 was a solid year for Go Outdoors with strong sales growth and significant investment in new space that will serve the business well as the economy continues to improve.
“We opened four new stores in the year, invested in our multichannel capabilities and strengthened our management team. As a result we consolidated our leadership position in the market, achieved record turnover and returned to profit. We are on track to make further progress in the current financial year.”
The retailer, which is backed by private equity firm 3i, reduced its debt from £14.6m to £12.7 million over the year.
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