Actualización comercial del cuarto trimestre
9 de abril de 2024
Grupo ProCook plc
Actualización comercial del cuarto trimestre
Continued market share gains with trading momentum improving. FY24 PBT expected to be marginally ahead of market expectations.
ProCook Group plc ("ProCook" or "the Group"), the UK's leading direct-to-consumer specialist kitchenware brand, today reports on Q4 trading results for the 12 weeks ended 31 March 2024.
| cuarto cuarto | El año hasta la fecha | ||
£ m | FY24 | YoY1 | FY24 | YoY1 |
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Ingresos | 13.2 | 4.8% | 62.6 | 0.4% |
Ecommerce de Vinos | 4.8 | (1.8%) | 22.7 | (11.5%) |
Mercado | 8.4 | 8.9% | 39.9 | 8.7% |
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Ingresos LFL2 | 12.2 | 1.5% | 58.5 | (2.0%) |
Ecommerce de Vinos | 4.8 | (2.5%) | 22.7 | (8.7%) |
Mercado | 7.4 | 4.3% | 35.8 | 2.8% |
Actualización comercial
Total revenue of £13.2m in Q4, increased by +4.8% year on year outperforming the UK kitchenware market by approximately +2% points3. Total LFL revenue turned positive in the quarter, having increased by +1.5%, continuing the improving trend from previous quarters (Q1: -8.3%, Q2: -2.1%, Q3: -0.6%)4.
Ecommerce LFL revenue was -2.5% in Q4, improving from -5.1% last quarter as further customer experience improvements were delivered.
Retail revenue growth of +8.9% in Q4 benefited from continued momentum in LFL revenue growth (+4.3%), the opening of two new stores in the previous quarter and the upsize relocation of a third store during the fourth quarter, partly offset by the closure of three smaller garden centre stores and the Cookery School part way through the quarter.
Full year revenue of £62.6m increased by +0.4% YoY, or +1.6% excluding the Amazon EU channels which were exited last year.
At the end of the fourth quarter, the Group held a net debt position of £0.7m (FY23 Q4: £2.8m) with available liquidity of £15.3m.
Outlook
Sales performance during the fourth quarter has been in line with the Board's expectations and with strong margin and cost discipline, the Board expects full year Underlying PBT for FY24 to be between £0.5m to £1.0m, marginally ahead of market expectations5.
The Group has made good strategic progress during the year, including opening new stores, the launch in March of our new small kitchen electricals range, improvements in customer experience online and in store, and delivering even greater value for customers through meaningful price reductions across much of our range.
Whilst the macro environment remains difficult for consumers, we are confident that the work done to strengthen our business over the last two years will support a stronger performance in the new financial year and as conditions improve, enabling the Group to deliver profitable and sustainable growth for all stakeholders.
We remain confident that our specialist retail proposition, with a high-quality and carefully curated product range which is 100% direct-sourced and own-brand, paired with our excellent customer service both in store and online, stands us apart from our competitors.
Lee Tappenden, director ejecutivo, comentó:
"I am pleased with the growing momentum in our performance which reflects the enhanced range, experience and value we are delivering to our customers.
"A pesar de que el mercado sigue deprimido, estamos ganando participación, lo que nos da la confianza de que nuestra propuesta continúa resonando entre los consumidores. Esperamos lograr mayores avances estratégicos a medida que continuamos construyendo un negocio aún más sólido centrado en el cliente que nos permitirá acelerar la rentabilidad. crecimiento a medida que mejoren las condiciones comerciales".
Para más información, póngase en contacto con:
Grupo ProCook plc Lee Tappenden, director ejecutivo Dan Walden, director financiero |
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Grupo MHP (Asesor de Relaciones Públicas Financieras) katie caza Catherine chapman | Tel.: +44 (0) 7711 191 518
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Próximo evento programado:
ProCook expects to release its FY24 preliminary results on 26 June 2024.
Notas para los editores:
ProCook es la marca de utensilios de cocina especializada en productos directos al consumidor líder en el Reino Unido. ProCook ofrece una propuesta directa al consumidor, diseñando, desarrollando y vendiendo al por menor una gama de utensilios de cocina, utensilios de cocina y vajilla de alta calidad que ofrece a los clientes una importante relación calidad-precio.
La marca vende directamente a través de su página web, www.procook.es, and through its 57 own-brand retail stores, conveniently located across the UK.
Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues and operating from its Store Support Centre in Gloucester.
ProCook cotiza en la Bolsa de Valores de Londres desde noviembre de 2021 (PROC.L).
Quarterly revenue performance:
Año fiscal 24 (52 semanas que finalizan el 31 de marzo de 2024) | |||||||
£ m | Q1 | Q2 | H1 | Q3 | Q4 | H2 | FY |
Ingresos | 10.7 | 15.7 | 26.3 | 23.1 | 13.2 | 36.2 | 62.6 |
Crecimiento de ingresos % | (6.7%) | (1.8%) | (3.8%) | 3.0% | 4.8% | 3.6% | 0.4% |
Ingresos LFL 2 y 4 | 10.1 | 14.8 | 24.9 | 21.4 | 12.2 | 33.6 | 58.5 |
% De crecimiento de LFL | (8.3%) | (2.1%) | (4.7%) | (0.6%) | 1.5% | 0.2% | (2.0%) |
FY23 (52 semanas que terminan el 2 de abril de 2023) | |||||||
£ m | Q1 | Q2 | H1 | Q3 | Q4 | H2 | FY |
Ingresos | 11.4 | 15.9 | 27.4 | 22.4 | 12.6 | 35.0 | 62.3 |
Crecimiento de ingresos % | (22.6%) | (7.6%) | (14.5%) | (2.5%) | (9.7%) | (5.2%) | (9.9%) |
% de crecimiento de los ingresos interanuales | 35.5% | 54.0% | 45.6% | 78.8% | 64.6% | 73.4% | 60.0% |
Ingresos LFL 6 | 10.0 | 13.6 | 23.6 | 19.7 | 10.8 | 30.5 | 54.1 |
% De crecimiento de LFL | (17.1%) | (15.6%) | (16.2%) | (3.8%) | (9.4%) | (5.9%) | (10.7%) |
% de crecimiento interanual LFL | 133.3% | 110.4% | 119.7% | 108.7% | 103.2% | 106.7% | 112.2% |
1 Interanual refleja el desempeño año tras año entre los períodos financieros relevantes del año fiscal 24 (52 semanas que terminaron el 31 de marzo de 2024) y el año fiscal 23 (52 semanas que terminaron el 2 de abril de 2023).
2 Los ingresos de LFL (Like For Like) reflejan:
- Comercio electrónico LFL: canal directo del sitio web de ProCook únicamente.
- LFL minorista - Tiendas minoristas que continúan operando durante al menos un año financiero completo antes del 2 de abril de 2023, incluidas las tiendas que pueden haber cambiado de ubicación o haber aumentado/disminuido su presencia dentro de un centro minorista determinado.
3 Crecimiento del mercado de utensilios de cocina del Reino Unido (excluyendo ProCook) calculado utilizando datos semanales de GfK y estimaciones de gestión
4 The LFL revenue growth % by quarter (also shown in the FY24 Quarterly revenue performance table above) for Q1, Q2 and Q3 has been adjusted to exclude the closures of 3 garden centre stores and the Cookery School which were closed during Q4 and were previously included within LFL revenue.
5 Company compiled current analyst consensus Underlying PBT of £0.4m for FY24
6 Los ingresos de FY23 LFL (Like For Like) reflejan:
- Retail YoY: tiendas minoristas continuas que estuvieron operando durante al menos un año financiero completo antes del 3 de abril de 2022, incluidas las tiendas que pueden haber cambiado de ubicación o haber aumentado/disminuido la presencia dentro de un centro minorista determinado
- Retail Yo3Y: tiendas minoristas continuas que estuvieron operando durante al menos un año financiero completo antes del 29 de marzo de 2020, incluida cualquier tienda que pueda haber cambiado de ubicación o aumentado/disminuido la presencia dentro de un centro minorista determinado
- Comercio electrónico YoY y Yo3Y: solo canal de sitio web directo de ProCook
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