Joules reaps the rewards of international expansion
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Fashion retailer Joules (LON:JOUL) reported a 28.5% jump in full-year pre-tax profits to £13 million on revenue of £185.9 million, up 18.4%, as its UK and international expansion plans bore fruit.
“It has been another strong year of growth for the Joules brand, with our continued expansion within the UK and international markets enabling the group to a profit performance ahead of initial expectations,” commented CEO Colin Porter.
“This performance is testament to the strength and appeal of the Joules brand, our unique product offer and our growing and loyal customer base. We have made excellent progress against our strategy of expanding the brand both at home and abroad, and the board remains confident that this momentum will continue in FY19.”
Joules shares dipped 2p to 344p (as at 11:24 BST).
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