Revenue Growth and Quality Improvement
Revenue increased by GBP 2.7 million to GBP 327.3 million year-on-year, with a focus on full price sales and a reduction in markdown sales, resulting in better revenue quality.
Operating Profit Improvement
Operating profit improved by GBP 6.5 million, swinging from a loss last year to a GBP 3.4 million profit this year, despite some headwinds.
Significant Debt Reduction
Net bank debt reduced by GBP 33 million year-on-year to GBP 154 million, showing strong balance sheet management.
Growth in the Americas and APAC
The Americas returned to growth with a GBP 4.8 million increase in DTC, and APAC saw continued year-on-year growth, especially in South Korea retail.
Full-Price Sales Increase
DTC full-price revenue is up 6% year-on-year, with a 10% increase in new consumers buying at full price.