Dreams annual sales and profits have nudged up following record store, tech and supply chain investments.
The bed specialist saw annual turnover rise 2.2% to £395m for the 52 weeks ending December 2023 while underlying EBITDA before currency movement rose from £58m to £59m.
Dreams invested a “record-breaking amount” in store expansion and refits, including upgrades to its technology systems, supply chain and machinery.
This included the opening of its largest distribution centre to support faster deliveries within the Midlands area, the launch of four new stores, and a range of store refits.
Dreams CEO Jonathan Hirst said: “The last financial year was a record year of investment for us and we made significant upgrades across our business which will set us up for success.”
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Dreams also made a series of upgrades to its technology systems and invested in new machinery in its bed factory.
Since the year end, the retailer has opened two new stores, refitted 22 and launched a new distribution warehouse in Gartcosh, Scotland to improve product availability and reduce lead times for customers in the country.
Hirst added: “Our strong performance is a testament to the strength and resilience of the Dreams business and brand. By staying focused on delivering expertly crafted beds and mattresses and best-in-class customer service, we’ve maintained growth against challenging market conditions.
“Moving forward, we will continue to expand our store estate and invest in in-store experience, manufacturing operations and in our exceptional colleagues, who remain at the heart of our success.
“I’m confident that Dreams will continue be the UK’s most loved bed retailer, be first choice for customers across the UK and continue to go from strength to strength.”
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