Joules Group plc Trading statement (7506B)

TIDMJOUL

RNS Number : 7506B

Joules Group plc

21 June 2016

21 June 2016

Joules Group Plc

("Joules" or the "Group")

Trading statement

Joules Group plc, a British premium lifestyle brand, today announces a trading update for the 52 week period ended 29 May 2016.

Unaudited Group revenue of GBP131.3 million increased by 12.7% compared to the prior period (53 weeks to 31 May 2015: GBP116.4 million). Against the comparable 52 week prior period, Unaudited Group revenue increased by 14.2%.

Retail sales for the period increased 11.0% to GBP93.7 million (2015 - 53 weeks: GBP84.4 million) and Wholesale sales increased 17.6% to GBP37.2 million (2015 - 53 weeks: GBP31.6 million). On a geographic basis, UK sales increased 11.6% to GBP118.1 million of Group revenue and International sales increased 24.7% to GBP13.2 million of Group revenue. International now represents just over 10% of Group revenue.

Results are anticipated to be in line with management expectations.

The Group will make its preliminary results announcement for the 52 weeks ending 29 May 2016 on 7 September 2016.

Colin Porter, CEO, commented:

"This has been a year of great progress in further developing Joules as a fun, family, 'time-off' lifestyle brand across multiple sales channels both in the UK and internationally.

We have a clear growth strategy of increasing customer value; rolling-out UK stores; accelerating international growth; and delivering product extensions. The energy, skill and commitment of the Joules team and the unique design of our products underpins this strategy. We remain confident in continuing to deliver further growth as a listed company."

Note: Retail sales increased 12.8% and Wholesale sales increased 18.3% against the comparable 52 week prior period.

Enquiries:

 
 Joules Group plc           Tel: [phone] 
                             435 255 
 Colin Porter, CEO 
  Marc Dench, CFO 
 Peel Hunt LLP, Nominated   Tel: +44 (0) 20 
  Advisor                    7418 8900 
 Dan Webster 
  Adrian Trimmings 
  George Sellar 
 Liberum Capital Limited    Tel: +44 (0) 20 
                             3100 2000 
 John Fishley 
  Anna Hartropp 
  Joshua Hughes 
 Hudson Sandler             Tel: +44 (0) 20 
                             7796 4133 
 Alex Brennan 
  Lucy Wollam 
 

www.joulesgroup.com

About Joules

Joules is a British, premium lifestyle brand. The Company designs and sells Joules branded clothing, footwear, accessories and homeware and operates a balanced multi-channel proposition which encompasses retail (stores and e-commerce), wholesale and other smaller channels such as country shows and events and licensing.

Joules currently* has 100 UK and ROI stores, a customer database of approximately 2 million customers, an established e-commerce platform and a fast growing international presence. Joules is also a top selling wholesale brand in major UK retailers such as John Lewis and Next Label and, in 2015, won "Fashion Retail Business of the Year" in the GBP30-GBP100m turnover category at the Drapers Awards.

The Joules brand is at the heart of the business and encompasses values of "time-off", heritage, countryside, Britishness, family and fun. These brand values are reflected in the product designs, which are recognisable for their distinctive colours, prints, detail and quality.

*Figures are approximate as at 29 May 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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June 21, 2016 02:00 ET (06:00 GMT)