Ted Baker is killing it
Ted Baker
The British brand, well known for being stocked in department stores, is building out its online retail operation while expanding into the US and Asia. As a result, business is booming.
Ted Baker put out its half-year results on Tuesday and they do it's killing it pretty much across the board.
Here are the highlights:
- Revenue up 24.5% to £226.8 million.
- Pre-tax profit up 14.6% to £17.8 million.
- North American retail sales up 37.4% to £39.7 million.
- Asia retail sales up 31.0% to £7.6 million.
- E-commerce sales up 63.6% to £22.9 million.
Founder and CEO Ray Kelvin says in the statement:
This strong performance across all channels and territories is testament to the growing strength of Ted Baker as a leading global lifestyle brand. Through the passion of our team, supported by on-going and careful investment in the brand, we continue to attract customers both in the UK and overseas, who recognise our unwavering focus on quality, design and attention to detail.
Boutique investment bank Liberum has upped its target share price for Ted Baker this morning on the back of the results, which were just ahead of forecasts.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Markets rebound sharply on buying in bank stocks firm global trends
- Bengaluru's rental income highest in Q1-2024, Mumbai next: Anarock report
- Rupee falls 10 paise to settle at 83.48 against US dollar
- Include 4 hrs of physical activity, 8 hrs sleep in routine for optimal health, suggests study
- 11 must-visit tourist places in Nainital in 2024
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market