Joules increased its group revenue by 17.2% to £218 million in the year to 26th May.
In a pre-close trading update, the retailer said the strong drive experienced during its first half and over the Christmas trading period had continued into the second half of the financial year.
Retail and wholesale revenue rose by 22.7% and 2.9% respectively, although both were impacted by the transition of some UK wholesale accounts to the brand’s retail concession model. Online sales were strong and accounted for half of the brand’s retail revenue. Licensing sales rose by 147.3% due to the success of both existing and new licensing partnerships.
Joules also benefited from the continued growth of its international business which now accounts for approximately 16% of its revenue.
The brand said it now expects its full year pre-tax profit to be at the upper end of analysts' expectations.
