ProCook has announced its eighth consecutive quarter of growth, outperforming the market to deliver a record H1 revenue of £34.1m, a +20.6 per cent increase on the prior year and an +8.1 per cent increase on a like-for-like basis.
During the period, the retailer opened six new stores and closed one, taking the total number it operates to 71. Overall, retail revenue increased by +25.0 per cent, reflecting like-for-like growth of +5.9 per cent.
eCommerce revenue increased by +25.5 per cent, with like-for-like revenue growth of +23.2 per cent. Revenue generated on the Amazon UK marketplace, which relaunched early in Q2 FY25, added a further +2.3 per cent points of growth.
Commenting on the results, Lee Tappenden, CEO, ProCook said: “The Group’s strong second quarter performance marks our eighth consecutive quarter of growth, delivering a record first half trading performance, with our disciplined approach to trading and strong execution of our clear strategy enabling us to significantly outperform the market and grow market share. “With momentum building, a record number of customers shopping with us, and expanded ranges and number of stores, we are well positioned for the peak trading period. “We remain firmly on track with delivering our medium term ambition of 100 UK retail stores, £100m revenue and 10% operating profit margin, and whilst mindful of the challenging economic backdrop, we are confident in delivering a strong full year performance, in line with market expectations.”
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