Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up

Joules wholesale revenue slips in first half

Thu, 5th Dec 2019

British lifestyle brand Joules reported revenue growth of 1.3% for the first half of its financial year running to 31 May 2020. Retail revenue increased by 3.1%, with an improved gross margin rate, the company flagging 'a disciplined approach to promotional activity'. Wholesale revenue decreased by 3.8% reflecting the conversion of some larger accounts to retail concessions last year and the continued challenging UK trading environment. International revenue continued to grow and represented approximately 17% of group revenue in the first half (H1 FY19: 15.8%). Nick Jones, CEO, commented: 'Joules has delivered further profitable growth during the period despite the continued challenging trading environment.' At 9:56am: (LON:JOUL) Joules Group Plc share price was 0p at 224p Story provided by StockMarketWire.com

FTSE 100 Latest
Value7,585.98
Change78.31