Joules has revealed strong growth for the year to 28th May and has improved its profit guidance for the current year. Group revenue for 2016/17 had increased to £157 million representing an increase of 19.6 per cent with both its retail and wholesale making strong contributions.
CEO Colin Porter said “Our focus on our brand and our customers, as well as our steadfast commitment to product quality, remains the bedrock for the group’s growth and success. Underpinned by these strengths, the board has confidence that Joules’ momentum will continue into FY18, despite the uncertain macro-economic outlook. This confidence is supported by growth in our customer base and our exciting new store opening plans, we well as a robust Autumn wholesale order-book both in the UK and internationally.”
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