Ted Baker Plc – Interim Results

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

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