Ted Baker Plc
(“Ted Baker”, the “Group”)
Interim Results Announcement for the 28 weeks ended 13 August 2016
'Good performance across all channels despite challenging trading conditions'
Highlights |
28 weeks ended 13 August 2016 |
28 weeks ended 15 August 2015 |
Change |
Group Revenue |
£259.5m |
£226.8m |
14.4% |
Profit Before Tax |
£21.5m |
£17.8m |
20.5% |
Basic EPS |
37.1p |
29.8p |
24.5% |
Interim Dividend |
14.8p |
13.2p |
12.1% |
· Group revenue up 14.4% (10.7% in constant currency) to £259.5m
· Retail sales including e-commerce up 13.6% (9.6% in constant currency)
· UK and Europe retail sales up 8.5% (6.7% in constant currency) to £131.2m
· North America retail sales up 28.7% (18.8% in constant currency) to £51.1m
· Asia retail sales up 15.8% (6.5% in constant currency) to £8.8m
· E-commerce sales up 29.7% (28.0% in constant currency) to £29.7m
· Planned expansion continued with:
· Two new stores in the US, one new store in each of Canada and China, and one new outlet in Canada
· Further concessions with leading department stores across the UK, Europe, and Asia
· Licensee store openings in Azerbaijan, Egypt, Mexico, South Africa, Taiwan and Vietnam
· Wholesale sales up 16.7% (13.7% in constant currency) to £68.4m
· Licence income up 23.2% to £7.9m