Footwear retailer Jones Bootmaker said EBITDA almost trebled from £1.4m to £4m for the year ended January 10, after it successfully shifted its strategy to buying more branded merchandise.
Sales are expected to be up by about 8.1% from £84m over the same period. The retailer is due to publish its audited accounts before the end of the month.
Improved performance has continued into the new financial year, with like-for-like sales ahead 17% between February and May.
Chief executive Ken Bartle, who took back control of the business from struggling Icelandic investment group Arev and its fund Kcaj last year, said: “Our ranges are better. We have more branded stock than just Jones and this is giving us more sales.”
In the past year the chain introduced Converse and rolled out brands such as Barker and Gabor to all stores.
Separately, Jones Bootmaker plans to overhaul its website this autumn and double online sales to £5m next year. The retailer, which has 93 stores, also plans to open five shops this year in Southampton, Aberdeen, Bath, Glasgow and Leicester as well as a replacement store in Liverpool.