|
Highlights |
28 weeks ended 9 August 2014 |
28 weeks ended 10 August 2013 |
Change |
|
Group Revenue |
£182.2m |
£155.2m |
17.4% |
|
Profit Before Tax and Exceptional Items |
£14.4m |
£11.6m |
24.2% |
|
Profit Before Tax |
£15.6m |
£11.6m |
33.8% |
|
Adjusted Basic EPS |
24.2p |
20.2p |
19.8% |
|
Basic EPS |
26.1p |
20.2p |
29.2% |
|
Interim Dividend |
11.3p |
9.5p |
18.9% |
Retail sales including e-commerce up 14.8% to £140.0m on a 9.9% increase in average square footage
UK and European retail sales up 15.1% to £105.4m
US and Canada retail sales up 13.8% to £28.9m
Asia retail sales up 16.0% to £5.8m
E-commerce sales up 48.9% to £14.0m
Planned expansion continued with:
Two new stores in the UK, and a new store and outlet in France
A new store and outlet in the US
Further concessions with leading department stores across the US, Europe and Asia
Licensee store openings in Dubai, Egypt, Saudi Arabia and Australia
Wholesale sales up 26.8% to £42.1m
Licence income up 37.1% to £5.5m
Commenting, Ray Kelvin CBE, Founder and Chief Executive, said:
"Ted Baker has continued to deliver a strong performance across its global markets and distribution channels during the first half of the year. We have successfully opened new space in our international markets, with further planned for the second half of the year in line with our strategy to focus on expansion opportunities that are appropriate for our brand.
The strength of our brand is testament to the passion and dedication of our team and has enabled us to attract customers both in the UK and overseas who recognise our unwavering focus on quality, design and attention to detail. Whilst our results for the full year will be dependent on the more weighted second half, we continue to look forward with confidence as we further develop Ted Baker as a leading global lifestyle brand."
