Go Outdoors, which was acquired by JD Sports this year, posted a healthy boost in full-year sales bolstered by new stores.
The specialist retailer recorded a 2% increase in EBITDA before exceptional items year-on-year to £14m in the 12 months to January 29, driven by a 5.7% upswing in sales to £213.8m.
The retailer’s pre-tax profit sank 82% to £900,000 during the period due to one-off costs relating to the sale of the business to JD Sports.
Prior to being acquired by the sportswear giant in May for £112m Go Outdoors opened four new large-format stores in Leeds, Belfast, Nottingham and Chatham, taking its overall store estate to 58.
The retailer said that it plans for “further growth and expansion of both the store network and the proposition via development of its ranging and further multichannel infrastructure.
“The increased and more flexible resources available as a result of being part of a larger retail group, including other retail fascias in the outdoors sector is expected to realise benefits in both the customer offer and the financial results.”
Go Outdoors appointed former chief financial officer Claire Webb as its chief executive in June.