For the entire fiscal year, Footasylum’s revenues climbed by 7 per cent to £ 319.5 million, with online sales seeing a 15 per cent growth to £ 134.9 million, or 42.2 per cent of total sales. David Pujolar, who has held positions at AW Lab, Adidas, Foot Locker, and Tommy Hilfiger, was named CEO of the company in March.
“We are delighted to report that FY ’24 has marked Footasylum’s best-ever financial performance. We achieved record revenues and profits, driven by double-digit growth in both wholesale and online sales,” said Footasylum’s chief financial officer, Nick Scott in a statement.
With an increase of 87 per cent to £ 16.8 million, Footasylum’s wholesale sales now make up 5.3 per cent of overall revenues. The company’s portfolio of brands has fuelled early expansion into other markets.
With the help of expanded store locations and brand extensions, sales of juniors rose by 14 per cent and womenswear by 16 per cent.
The year-over-year increases in underlying EBITDA were 41 per cent to £ 22.4 million, operational profit was 61 per cent to £ 10.4 million, and profit before tax was 112 per cent to £ 6 million.
