Dobbies is showing signs of a turnaround after its restructuring, although the garden centre group remained in the red in the year to 1 March 2026.
The statutory loss from continuing operations narrowed to £36.3m, down from £40.5m a year earlier. Reported EBITDA also swung into positive territory, reaching £0.5m compared with a £7.8m loss previously.
Sales across the remaining 53 stores rose by around 10 per cent to approximately £222m. Including contributions from the 24 stores closed as part of the restructuring programme, total sales came in at £257m.
Customer visits increased, as did average transaction values, while concession income climbed 16 per cent to £9.9m.
Dobbies has been sharpening its product ranges, refurbishing stores and giving its restaurant offer a refresh. Foodhalls rolled out across the remaining estate performed ahead of expectations, according to the retailer.
The results suggest the business is beginning to rebuild momentum after a difficult period of store closures. That said, the positive EBITDA figure — which excludes costs such as interest, tax, depreciation and amortisation — is not the same as a return to statutory profitability.
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