Crew Clothing saw profits and sales soar in its latest annual results.
The fashion brand, which relocated its head office last spring, saw pre-tax profit shoot up 65.1% year on year to £25.6m for the 52 weeks to 29 December 2024. This compared to £15.5m during the previous period, which the brand noted was a 53-week one.
Adjusted EBITDA jumped 31.7% to £24m, driven by a strong sales performance, while operating profit was up 56.7% to £24.3m.
Additionally, the retailer’s sales increased 5.3% to £123.4m over the period.
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Comparing the years on a 52-week basis, sales were up 7% with “significant growth” across the company’s core channels.
Ecommerce sales grew 14% while store revenues were up 9%.
Looking ahead, Crew Clothing said it planned to “continue a strong growth trajectory, with a focus across all channels”.
It highlighted that “key strategies in place to deliver these results” included “a continued expansion of product ranges; widening the breadth of products available across menswear, womenswear, childrenswear and accessories”.
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