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Ted Baker set to reveal transatlantic boost

Ted Baker is expected to reveal a leap in half-year profits tomorrow, boosted by strong sales in the US.

Ted Baker

Analysts from Goldman Sachs expect the brand to report first-half pre-tax profits of around £20m, up 13% on the previous year, The Times has reported. Sales are forecast to be £255m.

Ted Baker has 448 stores worldwide and generates more than 40% of its sales abroad.

Analysts at investment bank Exane BNP Paribas expect its US sales to more than double to £185m in the next five years.

Revenue from Asia is forecast to grow at a similar rate. Sales growth in the UK will be much slower.

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