8th Jan 2019 08:34
LONDON (Alliance News) - Joules Group PLC on Tuesday said it delivered strong trading throughout the Christmas period ,with its retail business delivering a double-digit sales increase.
For the 7 weeks to January 6, the British lifestyle brand reported an increase by 12% in sales against the prior year.
"I am pleased to update on a continued strong retail performance for Joules through the important festive trading period, which represents an improvement from the retail sales growth in the first half of the year," Chief Executive Officer Colin Porter said.
He added: "This good growth was achieved despite the ongoing backdrop of challenging sector trading conditions."
The retailer said that the festive retail performance supports its board's confidence in achieving full-year pretax profit in line with its expectations.
Joules will announce its results for the 26-week period to November 25 on January 23.
Joules shares were trading up 4.9% at 256.50 pence each early Tuesday morning.
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