Lush has posted its results for the year to 30 June ’23. Group revenues reached £708.1m, representing an underlying decline of 3.8 per cent on the previous year, when converted at consistent exchange rates.
Mark Constantine, co-founder and chief executive, said: “While it was disappointing to record a drop in group turnover (when converted at consistent exchange rates) for the year, we were encouraged by a steadily improving trend over the course of the year.
“The group turnover performance is weighted by our North American markets of the US & Canada, which accounted for 44 per cent of our total group turnover but also recorded the most significant decline of -10 per cent.
“Our second largest market of the UK recorded growth of +2 per cent in the year which was a strong performance given that it has probably suffered most severely from strong inflationary pressures and the cost of living crisis.”
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