Telegram账号盗取黑产破解技术|【唯一TG:@heimifeng8】|黑帽快排UA伪装✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Mamas & Papas sees good growth as margins are maintained
Sandra Halliday Published
January 2, 2025
Mamas & Papas' parent company Stork Beta saw turnover jumping to £144 million in the year to early last April, from £125.9 million in the previous 12-month period. And while the latest year was a 53-week one (compared to 52 weeks the year before), it was still a strong increase.
Operating profit at the company also rose reaching £8.39 million from £8.29 million in the previous period. EBITDA was £10.9 million, up from £10.2 million. And profit before tax was £8.1 million, up from £6.8 million a year earlier. The final profit for the year was £6.1 million, much better than a £5.7 million in the previous fiscal period.
The company is the non-trading parent of the Mamas & Papas Group, which makes products for babies and toddlers. The various units of the firm include its wholesale operation, its stores operation, the concessions business and its digital ops. It also acts as the franchisor of its international business.
It said that overall, it performed “very well” in the latest year, “delivering a significant year-on-year increase in sales and broadly maintaining margin and profit levels”.
In fact, retail sales were 31% ahead this time with sales in concession stores more than doubling as it opened to further 15 of these locations and benefited from the full-year impact of 10 openings in the prior year.
The rollout of concessions continues to be a key feature of its strategy, leveraging its existing relationships with major retailers Next and M&S.
Its own stores also benefited from rising footfall as it fully reopened after the pandemic.
That said, the growth in sales and corresponding margin gains were offset by rising overheads, especially rent and payroll as it opened those new concessions. However, the negative impacts of these costs should diminish as the value of those new locations starts to come through.
The company also said that its digital business performed very well, growing it sales by 9% with website traffic helped by site enhancements. And its wholesale business saw sales down 2% as it focused on higher-margin customers and development of direct retail sales channels. A highlight of its international business was the rollout of its shop in shop concept with a major retail partner in Spain.