Luxury retailer Fortnum & Mason’s profit rose by more than 60% over the last year as the luxury department store reported higher sales and a strong Christmas trading period.

The business posted a pre-tax profit of £15m for the 12 months ending July 2025, up from £9.3m a year earlier, while turnover increased from £227.8m to £239m over the same period.

Over the festive period, the retailer also saw revenue rise 16% in the five weeks to 24 December 2025, compared with the same period a year earlier.

Sales at physical stores increased by 7% during the Christmas period, while online revenue jumped by 23%, highlighting continued momentum in digital channels alongside in-store growth.

Fortnum & Mason’s improved performance was also driven by growth in online sales across the EU and the US, and its previous year’s profit had been affected by one-off costs linked to the opening of a new distribution centre.

Earlier this year, the company said it would seek to limit price increases following tax rises introduced by the Labour government, amid what it described as a challenging retail environment.

“Although it has been a year of increasing uncertainty and challenges for retail domestically and globally, I am incredibly proud of our team who have helped deliver another year of strong growth for Fortnum & Mason,” said Chief executive Tom Athron.

“We have made significant and lasting investments into our physical and online estate and have had a major focus this year on our supply chain and distribution capabilities.

“It’s wonderful to be able to report such strong results for the full year and for Christmas, but more importantly to see that the long term investments we have made are having a tangible and positive impact on our customer experience all year round and particularly over our busiest peak period which has been reflected in improvements across the board in our customer satisfaction scores.”

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