Joules Group plc Reports Group Revenue Results for the Fiscal Year Ended 27 May 2018; Provides Group Earnings Guidance for the Fiscal Year Ended 27 May 2018
For the fiscal year ended 27 May 2018, the company anticipates that the group gross margin will be marginally ahead of the prior year. This is a result of maintaining promotional discipline within retail channels and an improved gross margin in international wholesale, where the company completed the migration of the US third-party distributor activity to an in-house model and seen a favourable product mix with an increased proportion of clothing sales. As a result of the group's revenue growth, improved gross margin and disciplined cost management, the company anticipates reporting that the underlying profit before tax for the period will be marginally ahead of analyst expectations.