Ted Baker FY20 result: revenue down 1.4% to £631 mn

Fashion

02 Jun `20

2 min read

Ted Baker, the global British Lifestyle brand, has reported 1.4 per cent total revenue decline to £630.5 million in the fiscal 2020 that ended on January 25, 2020, compared to revenue of £639.6 million in previous fiscal. Company reported a loss before tax of £79.9 million in FY20 compared to profit before tax of £30.7 million in previous year.

Ted Baker, the global British Lifestyle brand, has reported 1.4 per cent total revenue decline to £630.5 million in the fiscal 2020 that ended on January 25, 2020, compared to revenue of £639.6 million in previous fiscal. Company reported a loss before tax of £79.9 million in FY20 compared to profit before tax of £30.7 million in previous year.#

Gross profit for the year were £307.1 million (FY19: £362.0 million). The revenue were reportedly impacted by significant discounting across the apparel industry, particularly in the UK, in response to weak consumer spending and channel shift to online.

Ted Baker, the global British Lifestyle brand, has reported 1.4 per cent total revenue decline to £630.5 million in the fiscal 2020 that ended on January 25, 2020, compared to revenue of £639.6 million in previous fiscal. Company reported a loss before tax of £79.9 million in FY20 compared to profit before tax of £30.7 million in previous year.#

Retail revenues fell 4.6 per cent to £439.9 million driven by: store revenues down 5.3 per cent to £321.2 million; and e-commerce revenues were down 2.5 per cent to £118.7 million.

Ted Baker, the global British Lifestyle brand, has reported 1.4 per cent total revenue decline to £630.5 million in the fiscal 2020 that ended on January 25, 2020, compared to revenue of £639.6 million in previous fiscal. Company reported a loss before tax of £79.9 million in FY20 compared to profit before tax of £30.7 million in previous year.#

Wholesale revenues increased 9.6 per cent to £171.5 million, benefitting from incremental footwear revenue, as company reported. On a comparable basis (excluding footwear), wholesale revenues decreased 3.7 per cent due to challenging trading conditions for trustees and territorial franchise partners.

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