skip to content

Annual Results

Ted Baker sales increase

23 March 2017 07:14

Ted Baker reported that group revenue up 16.4% (10.8% in constant currency) to £531m.

Retail sales rose 15% (9.2% in constant currency) to £400.7m, while UK and Europe retail sales gained 10.7% (8.4% in constant currency) to £279.5m.

HIGHLIGHTS:

- US and Canada retail sales up 28.3% (13% in constant currency) to £103.4m

- E-commerce sales up 35.1% (32.3% in constant currency) to £72.3m

- Wholesale sales up 20.9% (15.9% in constant currency) to £130.3m

- Licence income up 26.8% to £18.2m

- Proposed final dividend of 38.8p bringing total dividend to 53.6p, an increase of 12.1%

OUTLOOK

Trading across Ted Baker's markets continued to be impacted by on-going external factors.

Management said they have a clear strategy for the continued expansion of Ted Baker as a global lifestyle brand across both established and newer markets.

This qA underpinned by controlled distribution across channels as well as the design, quality and attention to detail that are at the core of everything we do.

To deliver expansion plans, capital expenditure in the new financial period was planned to be at £35m (2017: £43.8m). This relates to continued investment in the new European distribution centre, further store openings and refurbishments, and the on-going investment in new IT systems across the business.

Founder Ray Kelvin said: "I am pleased to report another good year of progress in Ted Baker's expansion as a global lifestyle brand.

"We have continued to trade well and develop despite a backdrop of on-going external challenges across our global markets.

"This success reflects the strength and appeal of the brand as well as the outstanding quality of our collections."

Story provided by StockMarketWire.com

Related Company: TED

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aviva Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.