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Angling Direct Plc ( (GB:ANG) ) has issued an update.
Angling Direct reported record full-year revenues of £103.9m for the year to 31 January 2026, with UK sales up 14.8% and online revenue rising 20%, driven by its MyAD loyalty programme and enhanced product range. The retailer opened six new UK stores, reduced European losses while focusing on Germany and the Netherlands, and now expects adjusted EBITDA of about £4.8m, ahead of upgraded market forecasts, while continuing share buybacks that have returned £1.7m to investors and substantially achieving its £100m UK revenue target within two years.
Management highlighted that like-for-like UK sales grew strongly, underpinned by higher store footfall and repeat online purchases as the omni-channel strategy gained traction. The company is prioritising margin improvement through better sourcing, own-brand expansion and operational efficiencies, positioning it for updated medium-term ambitions to be set at May’s final results and reinforcing its status as the dominant specialist in a challenging UK consumer environment.
The most recent analyst rating on (GB:ANG) stock is a Hold with a £58.00 price target. To see the full list of analyst forecasts on Angling Direct Plc stock, see the GB:ANG Stock Forecast page.
Spark’s Take on GB:ANG Stock
According to Spark, TipRanks’ AI Analyst, GB:ANG is a Neutral.
Angling Direct Plc’s overall stock score is driven by strong financial performance and positive corporate events, indicating strategic growth and operational improvements. However, technical analysis shows bearish momentum, and valuation metrics suggest moderate attractiveness. The absence of earnings call data limits insights into future guidance.
To see Spark’s full report on GB:ANG stock, click here.
More about Angling Direct Plc
Angling Direct is the UK’s leading omni-channel specialist fishing tackle and equipment retailer, selling more than 25,000 products from major brands and its own Advanta and Discover labels. Headquartered in Norfolk, it operates around 60 stores across England and Wales plus a strong e-commerce platform and native-language sites in key European markets including Germany, France and the Netherlands.
Average Trading Volume: 30,822
Technical Sentiment Signal: Buy
Current Market Cap: £36.14M
Find detailed analytics on ANG stock on TipRanks’ Stock Analysis page.