Joules Group plc Trading statement (7506B)
21 June 2016 - 4:00PM
UK Regulatory
TIDMJOUL
RNS Number : 7506B
Joules Group plc
21 June 2016
21 June 2016
Joules Group Plc
("Joules" or the "Group")
Trading statement
Joules Group plc, a British premium lifestyle brand, today
announces a trading update for the 52 week period ended 29 May
2016.
Unaudited Group revenue of GBP131.3 million increased by 12.7%
compared to the prior period (53 weeks to 31 May 2015: GBP116.4
million). Against the comparable 52 week prior period, Unaudited
Group revenue increased by 14.2%.
Retail sales for the period increased 11.0% to GBP93.7 million
(2015 - 53 weeks: GBP84.4 million) and Wholesale sales increased
17.6% to GBP37.2 million (2015 - 53 weeks: GBP31.6 million). On a
geographic basis, UK sales increased 11.6% to GBP118.1 million of
Group revenue and International sales increased 24.7% to GBP13.2
million of Group revenue. International now represents just over
10% of Group revenue.
Results are anticipated to be in line with management
expectations.
The Group will make its preliminary results announcement for the
52 weeks ending 29 May 2016 on 7 September 2016.
Colin Porter, CEO, commented:
"This has been a year of great progress in further developing
Joules as a fun, family, 'time-off' lifestyle brand across multiple
sales channels both in the UK and internationally.
We have a clear growth strategy of increasing customer value;
rolling-out UK stores; accelerating international growth; and
delivering product extensions. The energy, skill and commitment of
the Joules team and the unique design of our products underpins
this strategy. We remain confident in continuing to deliver further
growth as a listed company."
Note: Retail sales increased 12.8% and Wholesale sales increased
18.3% against the comparable 52 week prior period.
Enquiries:
Joules Group plc Tel: +44 (0) 1858
435 255
Colin Porter, CEO
Marc Dench, CFO
Peel Hunt LLP, Nominated Tel: +44 (0) 20
Advisor 7418 8900
Dan Webster
Adrian Trimmings
George Sellar
Liberum Capital Limited Tel: +44 (0) 20
3100 2000
John Fishley
Anna Hartropp
Joshua Hughes
Hudson Sandler Tel: +44 (0) 20
7796 4133
Alex Brennan
Lucy Wollam
www.joulesgroup.com
About Joules
Joules is a British, premium lifestyle brand. The Company
designs and sells Joules branded clothing, footwear, accessories
and homeware and operates a balanced multi-channel proposition
which encompasses retail (stores and e-commerce), wholesale and
other smaller channels such as country shows and events and
licensing.
Joules currently* has 100 UK and ROI stores, a customer database
of approximately 2 million customers, an established e-commerce
platform and a fast growing international presence. Joules is also
a top selling wholesale brand in major UK retailers such as John
Lewis and Next Label and, in 2015, won "Fashion Retail Business of
the Year" in the GBP30-GBP100m turnover category at the Drapers
Awards.
The Joules brand is at the heart of the business and encompasses
values of "time-off", heritage, countryside, Britishness, family
and fun. These brand values are reflected in the product designs,
which are recognisable for their distinctive colours, prints,
detail and quality.
*Figures are approximate as at 29 May 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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