FY20 performance

  • Group revenue decreased by 12.5% to £190.8 million
    • Revenue impact of COVID-19 in the final quarter is estimated at c.£31 million
    • E-commerce performed well with Joules' own e-commerce channel revenue up c.11% for the year
  • Loss before tax of £2.4 million
  • Group gross margin 50.7%, impacted by sales channel mix and increased promotional activity in final quarter
  • Net cash of £4.5 million and liquidity headroom of £53 million at 31 May 2020

5 Year History

Underlying £millionFY16
52 weeks
FY17
52 weeks
FY18
52 weeks
FY19
52 weeks
FY20
53 weeks
Revenue by channel
E-Commerce30.138.949.878.782.7
Stores58.268.375.075.959.6
Wholesale37.244.755.557.142.7
E-commerce % Retail32.1%34.8%38.4%49.5%56.6%
International % total10.1%11.5%13.1%16.1%15.5%
Gross margin %53.5%55.4%55.7%54.8%50.7%
Operating margin %6.1%6.6%7.2%7.2%(1.1%)
Return on invested capital29.8%39.4%34.1%30.5%(3.4%)
Profit before tax7.510.113.015.5(2.4)
EPS - Basic (pro forma)6.9p9.2p11.8p14.1p(2.1p)
Net cash/(debt)3.26.30.05.84.5