UK's Procook FY revenue rises on store expansion, e-commerce growth
UK's Procook FY revenue rises on store expansion, e-commerce growth
Overview
UK kitchenware retailer's annual revenue grew 23% yr/yr, meeting analyst expectations
Gross margin improved to 67.5%, driven by pricing and promotional discipline
Company growth attributed to new stores, product refreshes, and digital marketing efficiency
Outlook
Company expects to broadly maintain gross margins in FY27
ProCook aims to open five to eight net new stores in FY27
Company says it is on track to reach 100 stores, £100 mln revenue and 10% operating margin in medium term
Result Drivers
STORE EXPANSION - Opened 13 new stores and benefited from annualisation of prior openings, driving retail revenue growth
E-COMMERCE GROWTH - Ecommerce revenue rose 22.9%, supported by increased website traffic, improved social marketing, and higher average order values
GROSS MARGIN IMPROVEMENT - Gross margin rose 170bps to 67.5%, driven by pricing optimisation, promotional discipline, and sourcing cost improvements
Company press release: ID:nRSX4698Ja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Meet | GBP 85.50 mln | GBP 85.50 mln (3 Analysts) |
FY Gross Margin |
| 67.50% |
|
FY Adjusted Pretax Profit | Miss | GBP 2.50 mln | GBP 4.95 mln (2 Analysts) |
FY Gross Profit |
| GBP 57.70 mln |
|
FY Pretax Profit |
| GBP 2.50 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)