The Mulberry Group Board is proposing a final dividend of 3 pence per ordinary share for the 53 weeks ended 2 April 2022 (2021: nil) to be paid subject to shareholder approval, on 25 November 2022 to shareholders on the register at 28 October 2022.
Other financial highlights include:
Group revenue up 32% to £152.4m (2021: £115.0m) reflecting strong recovery post COVID-19
Gross margin of 71.7% (2021: 63.6%)
UK retail sales increased 36% to £89.8m (2021: £66.2m)
China retail sales up 59% and South Korea retail sales up 11%, which contributed to the 28% increase in Asia Pacific retail sales, reflecting ongoing development in the region. International retail sales increased 20% to £40.4m (2021: £33.8m)
Digital sales £47.5m (2021: £56.4m) down 16% as customers switched back to stores following store re-openings; however up 31% compared to pre-COVID-19 levels (2020: £36.3m)
Profit before tax £21.3m (2021: profit before tax £4.6m) includes a one-off profit on disposal of Paris lease of £5.7m
