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Joules posts 13% sales increase after Aim listing

Joules has posted an increase in sales of 12.7% to £131.3m for the 12 months ended May 29, after floating on London Stock Exchange’s junior Aim market last month.

Joules

Joules

Joules

Retail sales swelled 11% to £93.7m and wholesale sales leapt 17.6% to £37.2m for the 52 weeks compared with the previous 53-week period, Joules said in unaudited results.

UK sales were up by 11.6% to £118.1m and international sales, which now account for just over 10% of the business, were up by 24.7% to £13.2m.

Chief executive Colin Porter said the firm’s growth strategy includes increasing customer value, rolling out more UK stores, accelerating international growth and delivering product extensions.

“We remain confident in continuing to deliver further growth as a listed company,” he said.

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