Clothing & Shoes
Gymshark profits slip by 38.7% in FY22
While revenues in the year increased by 21% to ยฃ485m due to a 25% jump in turnover in the UK to ยฃ228m, sales in the UK only rose by under 3% to ยฃ89m
Gymshark has revealed that its profits slipped by 38.7% for the year ended 31 July 2022, citing soaring production costs and customers with less disposable income as the reason behind its performance.ย
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