Schuh profits rise by 56.8% to £21m in FY results
The footwear retailer also announced that turnover increased 7.4% to £380.8m and EBITDA reached £28m, a 35.8% increase compared to 2023
Schuh has reported that pre-tax profits rose by 56.8% to £21m in the year ended 3 February 2024, as sales and footfall were both on the rise.
In its recently filed accounts with Companies House, the footwear retailer reported that turnover increased 7.4% to £380.8m and EBITDA reached £28m, a 35.8% increase compared to 2023.
It comes as footfall increased by 3.8% across its stores over the period, reaching over 49 million customers, while e-commerce performance continued to be “strong”, growing 10% like-for-like.
In its filings, the retailer said: “While the retail environment continues to pose difficult trading conditions we will continue to review our store portfolio to ensure we are best placed to adapt to this changing environment.
“We believe our continued investment in driving efficiency and operational improvements through technology will serve us well.”