Pre-tax profit at Mulberry shot up 54% to £36m last year.
The luxury brand recorded a 38% increase in total sales to £168.5m in the year to March 31.
The company said that retail sales rose 12% for the 10 weeks to June 9, like-for-like sales rose 3%. Like-for-like sales at UK full price stores rose 14%
Retail sales from company-owned stores, concessions and online have increased by 36% compared to the previous year to £99.7m. Like-for-like sales rose 26%.
Mulberry opened 14 new stores during the year in the UK, the Netherlands, the US, South Korea, Singapore, Thailand and Taiwan.
International revenues grew 61% to £65.2m, accounting for 39% of group revenues. Online sales grew 58% to £14.5m.
The company has finished its factory extension, increasing its UK production by 30% and creating 60 jobs. The retailer plans to build a second factory in Somerset, doubling UK capacity and creating 300 jobs.
Mulberry chairman Godfrey Davis said: “This year has seen us deliver another strong set of results and we have performed well against expectations.
“While the current economic conditions make the short term trading outlook more challenging in some markets, we remain confident about Mulberry’s long term future. We continue to focus on developing our business internationally, opening new stores and building the foundations for long term growth.”
He added: “The investment in a second factory in the UK will reinforce the group’s position as the largest UK manufacturer of luxury leather goods.”
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