The group’s revenue increased by approximately 50 per cent against each of the prior quarters (Q1 & Q2 FY25), a significant step up in comparison to the prior year when Q3 FY24 revenues increased against each of Q1 & Q2 FY24 by 25 per cent and 31 per cent respectively, Sosandar said in a press release.

The significant improvement in gross margin, compared to H1 FY25 (62.2 per cent), highlights the deliberate reduction in price promotions and the focus on enhancing margin and profitability as the company progresses in its transformation into a multi-channel retailer. This sustained margin growth serves as a solid foundation for achieving long-term, sustainable, and profitable cash-generative growth, aligned with the strategic goal of reaching £10 million in profit before tax (PBT), added the release.

The four active stores of the company performed strongly during the period, with sales aligning with expectations. There was notable footfall, high conversion rates, and a significant increase in its official website.

“Overall trading remains in line with market expectations for the current financial year, with January starting well and pleasing levels of full price sales, despite the well-publicised challenging macro-environment,” Sosandar said in its press release. The company also signed two new lease agreements for its own stores, in Bath (Somerset) and Harrogate (North Yorkshire).

For the full fiscal ending 31 March 2025, Sosandar expects to generate a revenue of £40.5 million and PBT of £1.0 million.

SBS Zipper News Desk (SG)