FY21 performance

  • Group revenue increased by 4.3% to £199.0 million
    • E-commerce performed well with Joules' own e-commerce channel revenue up c.48% for the year
    • UK Stores were closed for more than 6 months of the year with revenue down 41% for the year
  • Profit before tax of £6.1 million
  • Group gross margin 49.0%, impacted by a higher mix of E-commerce in the year and one-off store promotional activity
  • Net cash of £4.1 million and liquidity headroom of £38.1 million at 30 May 2021
Underlying £millionFY17
52 weeks
FY18
52 weeks
FY19
52 weeks
FY20
53 weeks
FY21
52 weeks
Revenue by channel
E-Commerce38.949.878.782.7121.9
Stores68.375.075.959.635.1
Wholesale44.755.557.142.735.3
E-commerce % Retail34.8%38.4%49.5%56.6%76.9%
International % total11.5%13.1%16.1%15.5%12.6%
Gross margin %55.4%55.7%54.8%50.7%49.0%
Operating margin %6.6%7.2%7.2%(1.1%)3.9%
Return on invested capital39.4%34.1%30.5%(3.4%)10.7%
Profit before tax10.113.015.5(2.4)6.1
EPS - Basic (pro forma)9.2p11.8p14.1p(2.1p)2.9p
Net cash/(debt)6.30.05.84.54.1