Financial highlights
- Profit for the 53 weeks to 30 March 2024 of £3.3 million (2023: loss of £0.1 million).
- Net debt3 at £14.9 million (2023: £12.9 million).
Our Group |
|
2024
|
2023
|
|
|
53 weeks to
30 Mar 2024
£million |
52 weeks to
25 Mar 2023
£million |
% change
vs.
last year |
Turnover
|
56.2
|
73.1 |
(23)%
|
Adjusted EBITDA
|
6.9
|
6.7 |
3%
|
Adjusted operating profit
|
6.5
|
6.2 |
5%
|
Group adjusted profit taxation2
|
3.5
|
1.1 |
218%
|
Statutory profit / (loss)
|
3.3
|
(0.1) |
-
|
Our Franchise partners |
|
2024
|
2023
|
|
|
53 weeks to 30 Mar 2024
£million |
52 weeks to 25 Mar 2023
£million |
% change
vs.
last year |
Worldwide retail sales1 £m
|
280.8 |
322.7 |
(13)%
|
Online retail sales £m
|
28.5 |
29.3 |
(3)%
|
Total number of stores
|
457 |
506 |
(10)%
|
Space (k) sq. ft.
|
1,149 |
1,223 |
(6)%
|
Notes
The Directors believe that alternative performance measures ("APMs") assist in providing additional useful information on the performance and position of the Group and across the period because it is consistent with how business performance is reported to the Board and Operating Board.
APMs are also used to enhance the comparability of information between reporting periods and geographical units, by adjusting for non-recurring or uncontrollable factors which affect IFRS measures, to aid the user in understanding the Group's performance. Consequently, APMs are used by the Directors and management for performance analysis, planning, reporting and incentive setting purposes. The key APMs that the Group has focused on in the period are as set out in the Annual report.
- Worldwide retail sales are total international retail franchise partner sales to end customers (which are estimated and unaudited).
- Adjusted profit after taxation is stated before the impact of the adjusting items set out in note 5.
- Net Debt is defined as total borrowings, cash at bank and IFRS 16 lease liabilities.
- This announcement contains certain forward-looking statements concerning the Group. Although the Board believes its expectations are based on reasonable assumptions, the matters to which such statements refer may be influenced by factors that could cause actual outcomes and results to be materially different. The forward-looking statements speak only as at the date of this document and the Group does not undertake any obligation to announce any revisions to such statements, expect as required by law or by any appropriate regulatory authority.