Mountain Warehouse has recorded a 20% leap in sales to £109.9m, with pre-tax profits up 25% to £12m for the full year to February 28.
Like-for-like sales were up 9% and the outdoor clothing and equipment retailer opened 34 new stores during the period, in locations including Inverness, Worcester, Harpenden, Bridport, Taplow, Wrexham and Antrim. It also opened four new stores in Poland, as well as the company’s first shop in Germany. Mountain Warehouse now has more than 200 stores and plans to open 40 more in the UK and overseas in the year ahead.
The retailer said its cycling and running collections are particularly strong, growing more than twice as fast as the business overall. Cycling-related sales were up 43% year on year and the firm sold more than 50,000 high-visibility cycling jackets.
Online sales were up 50%, and 25% of online sales now come from outside of the UK.
Mark Neale, Mountain Warehouse’s founder and chief executive, said: “Following last year’s excellent results I am delighted that we have delivered another record-breaking year helped by the UK cycling craze.
“We have continued to thrive in a challenging UK retail environment, demonstrating that high street retail can succeed so long as you have the right products at the right price. Our online offer has also been a big part of our success, demonstrating that our ‘bricks and clicks’ strategy is a winner.”