Joules Group plc Announces Revenue Results for 2017; Provides Earnings Guidance for 2017
For the year, the company expects reporting a strengthening in the group gross margin against the prior year. This is a result of a higher proportion of full price sales, reflecting the strength of the Joules brand, as well as further distribution efficiencies and a favourable product mix within international wholesale. As a result of the group's revenue growth and improved gross margin, combined with continued cost discipline, the Board anticipates reporting group profit before tax comfortably ahead of its previous expectations.