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Very Group returns to half-year profit despite sales decline

Summary by City AM

Very Group returned to making a half-year profit during the final six months of 2024 despite a fall in sales. The Merseyside-headquartered business, which includes Littlewoods, has reported a pre-tax profit of £6.1m for the period to 28 December 2024. The profit comes after Very Group fell to a pre-tax loss of £2m during the same six months in 2023. However, the half-year results also show its total revenue declined from £1.22bn to £1.17bn over …

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Retail Sector

Very Group HY profits rebound despite sales drop

The Very Group has returned to profitability posting a pre-tax profit of £6.1m for the 26 weeks ended 28 December 2024, despite a drop in sales. The company’s revenues saw a 4.5% decrease to £1.17bn during the period, with revenue for the Very UK brand down 3% to £1.02bn. Very UK saw its retail sales decline 3.1% to £819.2m, as a result of a 4.5% fall in electricals and 6% drop in fashion due to a “heavily discounted and contracting market”. The…

3 days ago

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business-live.co.uk

Very Group returns to profit despite drop in sales

Merseyside-headquartered business includes Littlewoods and is chaired by former Chancellor

3 days ago·London, United Kingdom

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Toy World Magazine | The business magazine with a passion for toys

Very Group reports half-year profit

The online retailer returned to making a half-year profit during the final six months of 2024, despite reporting a fall in sales. The Very Group has reported a pre-tax profit of £6.1m for the period to 28th December 2024. This comes after the group recorded a pre-tax loss of £2m during the same six months in 2023. The half-year results show that revenue declined from £1.22b to £1.17b over the period. However, Toys remained a bright spot among th…

3 days ago

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retailtimes.co.uk

The Very Group’s tight control on costs bolsters profitability despite challenges across key categories, says GlobalData

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Following today’s release of The Very Group’s figures for the 26 weeks ending 28th December 2024; Aliyah Siddika, retail analyst at GlobalData, a leading data and analytics company, offers her view: “Despite reporting modest growth during the festive period, The Very Group had a challenging second quarter th…

3 days ago

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